The number of tickets purchased by an individual for Beckham College’s holiday music festival is a uniformly distributed random variable ranging from 5 to 12.   Find the mean and standard deviation of this random variable. (Round your answers to 2 decimal places.)       Mean 8.5 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.