Let X be a binomial random variable with mean u = 2.2 and variance o? = 1.76, find %3D %3D a) Write the probability distribution function. b) P(x<2) c) If Y = 0.5 X - 0.4, find the mean and variance of the new random variable Y. |

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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.