Let x represent the dollar amount spent on supermarket impulse buying in a 10-minute (unplanned) shopping interval. Based on a newspaper article, the mean of the x distribution is about $32 and the estimated standard deviation is about $9.   What is the probability that x is between $29 and $35? Let us assume that x has a distribution that is approximately normal. What is the probability that x is between $29 and $35?

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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.