The mean salary offered to students who are graduating from Coastal State University this year is $ 24,215 , with a standard deviation of $ 3678 . A random sample of 85 Coastal State students graduating this year has been selected. What is the probability that the mean salary offer for these 85 students is $ 24,500 or less?

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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.