The graph illustrates a normal distribution for the prices paid for a particular model of HD television. The mean price paid is $1200 and the standard deviation is $70. 990 1060 1130 1200 1270 1340 1410 Distribution of Prices What is the approximate percentage of buyers who paid less than $990? What is the approximate percentage of buyers who paid between $1130 and $1270? What is the approximate percentage of buyers who paid between $990 and $1200?

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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.