Two friends, Ethan and Henry, took summer jobs. The equation y = 21x represents Ethan's earnings in dollars and cents, y, for working x hours. The table below represents Henry's earnings in dollars and cents, y, for working x hours. Henry's Earnings Hours (x) Earnings (y) $50 $125

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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.