The salaries at a corporation are normally distributed with an average salary of $19000 and standard deviation of $4000. 5.1 What is the probability that an employee will have a salary between $12520 and $25480? 5.2 What is the probability that an employee will have a salary more than $11880 5.3 What is the probability that an employee will have a salary less than $28440?

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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.