Take the following sample of student grades from a class: 70, 88, 91, 75, 79, 77, 70, 74, 81, 90 If these are assumed to represent the general pattern of the grades for the full class, use Chebychev’s inequality to give a lower bound on the probability that a given grade will be within 10 points of the average?

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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.