A manufacturer claims that only 2% of their products are defective. A store receives a delivery of 300 items from the manufacturer. Let X = the number of defective items. Assuming the manufacturer is correct that only 2% of their products are defective, what are the mean and standard deviation of the sampling distribution of X?

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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.