Over 1,000 people try to climb Mt. Everest every year. Of those who try to climb Everest, 31 percent succeed. The probability that a climber is at least 60 years old is 0.04. The probability that a climber is at least 60 years old and succeeds in climbing Everest is 0.005.   (a) Find the probability of success, given that a climber is at least 60 years old.    Probability               (b) Is success in climbing Everest independent of age?    Yes No

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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.