Sociology graduates, upon entering the workforce are normally distributed and earn a mean salary of $30,000 with a standard deviation of $4000. 1. Jessica is an honors sociology student. Upon graduation, she would like to take a job that starts at $40,000. What is the probability that randomly chosen salary exceeds $40,000? 2. Sam is not sure how much he will make upon graduation. He would be happy if his salary was in the middle 60% of salaries. Find the two salaries that are the cutoff values for the middle 60% of salaries.

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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.