Health insurers are beginning to offer telemedicine services online that replace the common office visit. Kean healthcare provides a video service that allows subscribers to connect with a physician online and receive prescribed treatments. Kean healthcare claims that users of its LiveHealth Online service saved a significant amount of money on a typical visit. The data shown below ($), for a sample of 5 online doctor visits, are consistent with the savings per visit reported by Kean Healthcare. 92 105 56 76 96 Assuming the population is roughly symmetric construct a 90% confidence interval for the mean savings for a televisit to the doctor as opposed to an office visit.

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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.