A system has six components connected as shown in the following diagram: Assume A, B, C, D, E, and F function independently. If the probabilities that A, B, C, D, E, and F function are .95, .90, .97, .94, .92, and .93 respectively, what is the probability that the system fails?

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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.