Data collected over a number of years show that whena broker called a random sample of eight of her clients,she got a busy signal 6.5, 10.6, 8.1, 4.1, 9.3, 11.5, 7.3, and5.7 percent of the time. Assuming that these figures canbe looked upon as a random sample from a continuous uniform population, use the estimators obtained in Exer-cise 57 to estimate the parameters α and β.

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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.