Rivets. A company that manufactures rivets believesthe shear strength of the rivets they manufacture followsa Normal model with a mean breaking strength of 950pounds and a standard deviation of 40 pounds.a) What percentage of rivets selected at random willbreak when tested under a 900-pound load? b) You’re trying to improve the rivets and want to exam-ine some that fail. Use a simulation to estimate how many rivets you might need to test in order to findthree that fail at 900 pounds (or below).

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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.