Suppose that the cost of annual tuition at colleges is normally distributed, with an average annual cost of $13,926.78.  The standard deviation of tuition is $4,085.42.  What percentage of colleges would be expected to have an annual tuition between the cost of College A with a tuition of $20,106.18 and College B with a tuition of $14,829.01?

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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.