Sixty percent of consumers prefer to purchase electronics online. You randomly select 8 consumers. Find the probability that the number of consumers who prefer to purchase electronics online is (a) exactly five, (b) more than five, and (c) at most five. (a) Find the probability that the number that prefer to purchase electronics online exactly five. P(5)=] (Round to three decimal places as needed.) (b) Find the probability that the number that prefer to purchase electronics online is more than five. P(x> 5) =O (Round to three decimal places as needed.) (c) Find the probability that the number that prefer to purchase electronics online is at most five. P(xs5) =D (Round three decimal places as needed.)

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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.