The undergraduate admission rate at a certain university for a certain year was 7%.   a. Assuming the admission rate is still 7%, in a sample of 100 applicants to the​ university, what is the probability that exactly 6  will be​ admitted? Assume that decisions to admit are independent. b. What is the probability that exactly 94 out of 100 applicants will be​ rejected? a. What is the probability that exactly 6 out of 100 applicants will be​ admitted?  Answer is ________. ​(Type an integer or decimal. Round to three decimal places as​ needed.)   b. What is the probability that exactly 94 out of 100 applicants will be​ rejected? Answer :__________   ​(Type an integer or decimal. Round to three decimal places as​ needed.)

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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.