Let it be stated that the standard usage of the battery of a kind of pos device shows an exponantial distribution with an average life span of five years. What is the probability that a user who uses the Pos device for three years without battery problem will deal with the battery problem in the next year? a. None of them b. 0.819 c. 0.20 d. 0.281 e. 0.091

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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.