you investigate the earnings of a financial advisor in a wealth management company. they earn on average $150 per hour, with a standard deviation of $50, one person stands out. she makes an average of $275 per hour. What is the corresponding z-score of her earnings? What is the probability that someone makes more than $300?

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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.