Funtime Amusement park is full of rides. The Midnight Coaster is very popular and the average waiting time 22 minutes. Let M be the amount of waiting time for this ride. a) What is the distribution and parameter(s) for M? b) What is the probability that you will wait 25 minutes for this ride? c) What is the probability that you will wait between 10 and 25 minutes for this ride?

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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.