Automobile repair costs continue to rise with the average cost now at $367 per repair (U.S.news & World Report website, January 5, 2015). Assume that the cost for an automobilerepair is normally distributed with a standard deviation of $88. Answer the followingquestions about the cost of automobile repairs.a. what is the probability that the cost will be more than $450?

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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.