Consider how the following scenario could be modeled with a binomial distribution, and answer the question that follows.54.4% of tickets sold to a movie are sold with a popcorn coupon, and 45.6% are not. You want to calculate the probability of selling exactly 6 tickets with popcorn coupons out of 10 total tickets (or 6 successes in 10 trials).What value should you use for the parameter p?

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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.