The demand for a product in the next month shows a normal distribution with an average of 1700 units and a standard deviation of 180 units. Accordingly, the sales; a) What is the probability that it is more than 1550 units? b) What is the probability of being between 1550 units and 1850 units?

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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.