Question 12: Your company makes lamps. 96% pass final inspection (and 4% fail and need to be fixed). a) If we take a sample of 20lamps, which is the probability that 19 pass the inspection? b) What is the sample mean? c) What is the sample standard deviation?

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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.