The number of jackets sold per week at a boutique shop is shown in the table, with the corresponding probabilities. Find mean, variance, and standard deviatión of the distribution. Number of jackets sold x 19 18 12 15 16 Probability P(x) 0.24 0.36 0.11 0.10 0.20 I he manager of the boutique shop wants to be sure that he has enough jackets for the t month, how many should the manager purchase?

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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.