Defective Pacemakers Among 8834 cases of heart pacemaker malfunctions, 504 were found to be caused by firmware, which is software programmed into the device (based on data from “Pacemaker and ICD Generator Malfunctions,” by Maisel et al., Journal of the American Medical Association, Vol. 295, No. 16). If the firmware is tested in three different pacemakers randomly selected from this batch of 8834 and the entire batch is accepted if there are no failures, what is the probability that the firmware in the entire batch will be accepted? Is this procedure likely to result in the entire batch being accepted?

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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.