Suppose the number Y of cracks per concrete specimen for a particular type of cement mix has approximately a Poisson probability distribution. Furthermore, assume that the average number of cracks per specimen is 2.5. a. Find the mean and standard deviation of Y, the number of cracks per concrete specimen b. Find the probability that a randomly selected concrete specimen has exactly 5 cracks c. Find the probability that a randomly selected concrete specimen has two or more cracks

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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.