Corks for bottles in a certain manufacturing process are produced in such a way that the diameter of the corks has a Normal Distribution with a mean=3cm and standard deviation=0.1cm. The specifications call for corks with diameters between 2.9 and 3.1cm. What percentage of the produced corks do NOT meet specification? (a) 31.74% (b) 53.98% (c ) 68.26% (d) 84.13% (e) Cannot be answered

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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.