In 1940 the average size of a U.S. farm was 174 acres. Let’s say that the standard deviation was 57 acres. Suppose we randomly survey 37 farmers from 1940.   A) Give the distribution x̅  (round your standard deviation to two decimal places.) x̅~______(______,______)   B) The middle 50% of the distribution for x̅ the bounds of which from the distance represented by the IQR, lies between what two values? (round your answer to two decimal places.) ______acres (smaller value) ______ acres (larger value)

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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.