You are the owner of a flooring company. Todd and Claudia have asked you to give them an estimate for tiling four rooms of their house. The living room is 15 feet ✕ 21 feet, the dining room is 11 feet ✕ 18 feet, the kitchen is 9 feet ✕ 13 feet, and the study is 10 feet ✕ 15 feet. If the tile for the kitchen and study costs $4 per square foot and the tile for the living and dining rooms costs $3 per square foot, what is the total cost (in $) of the tile?   (d) If your company charges $2 per square foot for installation, what is the total cost (in $) of the tile job?   (e) If Todd and Claudia have saved $5,000 for the tile job, by how much (in $) are they over or under the amount needed? They are over under  the amount needed by $?

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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.