The probability that a randomly selected 40-year old female will live to be 41-year-old is 0.9986 according to the National Vital Statistics Report, Vol.56, No.9 a) What is the probability that two randomly selected 40-year old females will live to be 41 years old b) What is the probability that at least one of five randomly selected 40-year-old females will not live to be 41 years old? c) What is the probability that none of the two randomly selected 40-year old females will live to be 41 years old?

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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.