Find the probability and interpret the results. If covenient, use technology to find the probability. The population mean annual salary for environmental compliance specialists is about $65,000. A random sample of 45 specialists is drawn from this population. What is the probability that the mean salary of the sample is less than $62,000? Assume o= $6,000. %3D The probability that the mean salary of the sample is less than $62,000 is (Round to four decimal places as needed.) Interpret the results. Choose the corect answer below. O A. About 4% of samples of 45 specialists will have a mean salary less than $62,000. This is not an unusual event. O B. Only 0.04% of samples of 45 specialists will have a mean salary less than $62,000. This is an extremely unusual event. OC. Only 4% of samples of 45 specialists will have a mean salary less than $62,000. This is an extremely unusual event. D. About 0.04% of samples of 45 specialists will have a mean salary less than $62,000. This is not an unusual event.

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A:

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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.