Would you like a cup of tea? - Carole and Julius are getting ready to open a new cafe and are gathering up information about sales of different drinks in their state. They obtain data containing the yearly sales (in $1000s) for three types of tea: Darjeeling, Earl Grey, and Green Tea. A boxplot of the data and a histogram of the sales for all three teas combined is shown below. Note: Clicking on any image in this problem will open it in a new window, allowing you to enlarge the view. Tea Sales by Product Combined Tea Sales Darjeeling Earl Grey Green Tea 100 200 300 400 Product Sales in $1000 Part 1: Use the plots above to make quantitative comparisons and answer the following questions: Quantity A: The 75th percentile (Q3) of Sales for Darjeeling Tea Quantity B: The 75th percentile (Q3) of Sales for Green Tea Quantity A is greater Sales in $1000 Frequency

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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.