A random variable X equals 2 with probability 0.386. a. Use probability notation to express that fact.b. If you make repeated independent observations of the random variable X, in approximately what percentage of those observations will you observe the value 2?c. Roughly how many times would you expect to observe the value 2 in 50 observations? 500 observations?

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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.