Drone Deliveries Based on a Pitney Bowes survey, assume that 42% of consumers are comfortable having drones deliver their purchases. Suppose we want to find the probability that when five consumers are randomly selected, exactly two of them are comfortable with the drones. What is wrong with using the multiplication rule to find the probability of getting two consumers comfortable with drones followed by three consumers not comfortable, as in this calculation: (0.42) (0.42) (0.58) (0.58) (0.58) = 0.0344?

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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.