Values of X T +1 Probabilities 10 • (i) Does the table represent a density of a random variable X? • (ii) If your answer to part (i) is yes, construct a random experiment and a random variable defined for it so that it has this density. If your answer to part (i) is no, explain why not.

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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.