A bank manager is interested in the average length of time that customers are willing to wait in line before they give up and leave the bank. Match the vocabulary word with its corresponding example. ___ The 25 customers that the manager observed leave ___ The length of time a customer waits before leaving the bank ___ The average length of time that the 25 customers waited before leaving the bank ___  The list of times for the 25 customers who left the bank ___  The average length of time that all customers will wait before leaving the bank ___ All of the bank's customers Variable Population Statistic Sample Parameter Data

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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.