A tube of Listerine Tartar Control toothpaste contains 4.2 ounces. As people is the toothpaste, the amount remaining in any tube is random. Assume the amount of toothpaste remaining in the tube follows a uniform distribution. From this information, we can determine the following information about the amount remaining in a toothpaste tube without invading anyone’s privacy. How much toothpaste would you expect to be remaining in the tube? What is the standard deviation of the amount remaining in the tube? What is the likelihood there is less than 3.0 ounces remaining in the tube? What is the probability there is more than 1.5 ounces remaining in the tube?

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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.