deronnie wright Oct 2, 2020, 18:12 EDT The pie chart to the right shows how adults rate their financial shape. Suppose 4 people are chosen at random from a group of 1300, What is the probability that all four would rate their financial shape as excellent? Make assumption that 1300 people are represented by the pie chart, Excellent 8% Good 43% Fair 35% Poor 13% Other 1%

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A: The percentage of people rate that financial shape as excellent is 8%.

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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.