The data sets below show the price that a homeowner paid, per therm, for natural gas during each of the first ten months of 2011 and 2012. 2011: $1.59, $1.72, $1.71, $1.86, $2.32, $2.54, $2.45, $2.80, $2.38, $2.25 2012: $1.57, $1.61, $1.96, $1.71, $1.98, $2.17, $2.51, $2.44, $2.52, $2.10 Find the mean, median and standard deviation of the 2011 data: Mean= Median = Standard Deviation =

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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.