An analyst produced the following summary statistics describing a quantitative variable: n Mean Variance Std. dev. Median Range Q1 Q3 108 79.9 64.63 8.04 79.05 44.7 74 85.4 (a) The smallest value in the data set is 51. Should the analyst consider the value 51 to be an outlier on the low side? (b) Justify your answer using an appropriate outlier identification rule. If you perform a calculations, give the pertinent calculations. If you create a graph, copy and paste it into the space.

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Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.