Let X be a random variable with mean= 5 and SD = .5  a) Use the Chebychev inequality to estimate Pr(3 less than or equal to X less than or equal to 5) b) If X were normally distributed, what would be the excat probability that X is between 3 and 5 inclusive? c) Reconcile the difference between the answers a and b

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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.