According to the U.S. Census Bureau, the probability that a randomly selected household speaks only English at home is 81%. The probability that a randomly selected household speaks only Spanish at home is 12%. a.) Find and interpret the probability that a randomly selected household speaks only English or only Spanish at home.  b.) Find and interpret the probability that a randomly selected household speaks a language other than only English or only Spanish at home.  c.) Can the probability that a randomly selected household speaks only Chinese at home is equal to 8%? Why or 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.