Zara runs a home business based on art and craft items. She sells her products either through taking orders online from her website or art exhibitions. Based on her previous data, 40% of the orders are received from art exhibitions. Suppose 18 orders were booked independently, what is the probability that a) Between eight and ten orders were booked through website? b) What is the probability that the 3" order placed is the first order booked from website? c) What is the probability that the 8th order placed is the fourth order booked from website?

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A: Solution

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Q: The probability of event A, given that event B has occurred, is P(A| B) = %3D

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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.