In accepting large lots of computer parts following quality control procedure was adopted using sample size 10. The lot is accepted if it has at most one defective part.  The lot is rejected if it has at least two defective parts. Find the probability of rejecting a lot with 5 percent defectives. accepting a lot with 10 percent defectives.

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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.