The results of a search to find the least expensive round-trip flights to Atlanta from 14 major U.S. cities are shown in the following table. Departure City Cost (in $) to Fly to Atlanta Cincinnati 340.1 New York 321.6 Chicago 291.6 Denver 339.6 Los Angeles Seattle 359.6 384.6 Detroit 309.6 Philadelphia 415.6 Washington, D.C. Miami 293.6 249.6 San Francisco 539.6 Las Vegas Phoenix 455.6 359.6 Dallas 333.9 Using this sample data, compute the followings:

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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.