Box I contains 4 red and 8 blue marbles while box II contains 5 red and 3 blue marbles. An unfair coin is tossed –whoseprobability of turning up heads is 40%. If the coin comes up heads, box I is chosen and a random marble is chosen, otherwise if it is tails the marble is chosen from box II. Suppose after the first marble is chosen –the experiment is repeated. Assume the first marble is NOT put back into its box. The coin is flipped again and another marble is chosen from either b

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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.