Three machines A, B, and C are supplying 50%, 40%, and 10% of the factory's total production. Their rate of manufacturing defective products is %5, %7, and %1, respectively. One of the parts produced by these machines is selected at random. a. Calculate the probability that the selected part is defective. b. Calculate the probability that the selected part is produced by machine A or C.

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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.