In a city of 20,000 people, what is the proportion of monthly travel expenses per capita between $3000 and $3400, assuming the normal division with arithmetic mean μ =3000₺ and standard deviation σ=400₺?    a) 0.6752  B) 0.8413  NS) 0.5587  D) 0.5378  TO) 0.3413

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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.