The London Schoolof Economics and the Harvard BusinessSchool conducted astudy of how Chief Executive Officers (CEOs) spend their day. The study found that CEOs spend on average about 18 hours per week in meetings, not including conference calls, business meals, and public events (The Wall Street Journal,February 14, 2012). Shown below is the time spent per week in meetings (hours) for a sample of 25 CEOs.14151823151920131523232115202116151818191922232112a.What is the least amount of time spent per week on meetings? The highest?b.Use a class width of two hours to prepare a frequency distribution and a percent frequency distribution of the data.

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Q: 3.5

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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.