The profits of a mobile company are normally distributed with Mean of R.O (190) and standard deviation of R.O (19). a. Find the probability that a randomly selected mobile has a profit greater than R.O (200). b. Any mobile phone which profit is greater than R.O ((200) is defined as expensive. Find the probability that a randomly selected mobile has a profit greater than R.O (210) given that it is expensive.  c. Half of expensive mobile phones have a profit greater than R.O ℎ. Find the value of ℎ

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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.