Starbuck’s 2019 Annual Report shows that the Approximate sizes in Square Feet of the properties for 7 locations are:     What is the average size of properties across these 7 locations?   If the size of the properties follows a Normal distribution with a mean of 980,000 sqft and SD of 310,000 sqft, What is the z score of York property size?     What percentages of properties larger than Auburn property?     Which properties have a z score equal or larger than 1?       Which properties’ size reach the top 10%?

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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.