a) Suppose you plan to invest equal amounts of money in each of 3 business ventures. If you have 7 ventures from which to make the selection, how many different samples of 3 ventures can be selected from the 7? b) Use data below to find: P(A); P(D); P(C N B); P(A U D); P(B N D)

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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.