48. Motor Vehicle Accidents in New York City. In a one­year period, New York City had a total of 11,232 motor vehicle accidents that occurred on Monday through Friday between the hours of 3 p.m. and 6 p.m. (New York State Department of Motor Vehicles website). This corresponds to mean of 14.4 accidents per hour. a. Compute the probability of no accidents in a 15­minute period. b. Compute the probability of at least one accident in a 15­minute period. c. Compute the probability of four or more accidents in a 15­minute period.

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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.