a) What is the probability that a wedding costs less than $20,000? (Round your answer to four decimal places.)   (b) What is the probability that a wedding costs between $20,000 and $30,000? (Round your answer to four decimal places.)   (c) What is the minimum cost (in dollars) for a wedding to be included among the most expensive 5% of weddings? (Round your answer to the nearest dollar.)

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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.