The article “Integrating Risk Assessment and Life Cycle Assessment: A Case Study of Insulation” (Y. Nishioka, J. Levy, et al., Risk Analysis, 2002: 1003–1017) estimates that 5.6% of a certain population has asthma, and that an asthmatic has probability 0.027 of suffering an asthma attack on a given day. A person is chosen at random from this population. What is the probability that this person has an asthma attack on that day?

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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.