Confidence Level Tommy the Dunker’s performance on the basketball court is influenced by his state of mind: If he scores, he is twice as likely to score on the next shot as he is to miss, whereas if he misses a shot, he is three times as likely to miss the next shot as he is to score. If Tommy has missed a shot, what is the probability that he will score two shots later? In the long term, what percentage of shots are successful?

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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.