Suppose that the monthly incomes of all employees in Firm A are normally distributed with a mean of $1784.85 and a standard deviation of $199.23. If a random sample of 100 employees is selected from Firm A, what is the probability that the mean of the employees in the sample will be greater than $1811.845665 (approximately)?

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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.