A probability distribution of the claim sizes for an auto insurance policy appears in the following table. Claims Probability 1 0.25 2 0.05 3 0.05 4 0.2 5 0.1 6 0.35 Find the percentage of claims within one standard deviation of the mean.  _____   %

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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.