Jake has a bag of 50 beads, some of which are blue and the remaining are green. Jake randomly pulls out a bead from the bag, records the color, and replaces it in the bag. Jake has already recorded 16 blue and 4 green beads. Based on these results, what is most likely the number of blue beads in the bag? O 10 O 20 O 30 O 40

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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.