Suppose that mean retail price per gallon of regular grade gasoline is 3.55 with a standard deviation of  0.10 and that the retail price per gallon has a bell-shaped distribution. NOTE: Please use empirical rule approximations for this problem. a. What percentage of regular grade gasoline sells for between $3.35  and $3.75 per gallon (to 1  decimal)? __% b. What percentage of regular grade gasoline sells for between $3.35  and $3.65 per gallon (to  1 decimal)? ___% c. What percentage of regular grade gasoline sells for less than  $3.65 per gallon (to 1 decimal)? ___%

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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.