Let the probability of success on a Bernoulli trial be 0.26. a. In four Bernoulli trials, what is the probability that there will be 3 failures? (Do not round intermediate calculations. Round your final answers to 4 decimal places.) b. In four Bernoulli trials, what is the probability that there will be more than the expected number of failures? (Do not round intermediate calculations. Round your final answers to 4 decimal places.)

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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.