A study has shown that 40% of all families in a large neighborhood have one or more videocassette recorders. Find the probabilities that among 15 families randomly selected in the area: a)10 have 1 or more VCRs        b) not more than 10 have VCRs

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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.