the Wall Street Journal reported that the median salary for middle-level manager jobswas approximately $85,000 (the Wall Street Journal, August 6, 2013). Suppose that anindependent study of middle-level managers employed at companies located in Atlanta,georgia, was conducted to compare the salaries of managers working at firms in Atlantato the national average. The following data show the salary, in thousands of dollars, for asample of 15 middle-level managers.108 83 106 73 53 85 80 63 67 75 124 55 93 118 77a. Compute the median salary for the sample of 15 middle-level managers. how does themedian for this group compare to the median reported by the Wall Street Journal?

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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.