In a random sample of four mobile devices, the mean repair cost was $70.00 and the standard deviation was $14.00. Assume the population is normally distributed and use a t-distribution to find the margin of error and construct a 95% confidence interval for the population mean. Interpret the results. The 95% confidence interval for the population mean u is ( ). (Round to two decimal places as needed.) ra

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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.