ards A stationery store wants to estimate the mean retail value of greeting random sample of 100 greeting cards indicates a mean value of $2.55 and a standard deviation of $0.44 Assuming a normal distribution, construct a 99% confidence interval estimate for the mean value of all greeting cards in the store's inventory. O a. 1.457 < m < 2.632 b. 2.477 < m < 2.623 2.857 < m < 3.138 O d. 2.457 < m < 2.632 OOO

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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.