1. The lifetimes of a certain brand of LED light bulbs are normally distributed with a mean of 53,400 hours and a standard deviation of 2500 hours. A. If the company making these light bulbs claimed that they would last at least 50,000 hours. What proportion of light bulbs would meet the claim and last at least 50,000 hours? B. The company's marketing director wants the claimed figure to be where 98% of these new light bulbs to last longer than the amount claimed by the company's advertising? What number should be claimed so that 98% of the company's new LED light bulbs meet the claim?

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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.