The flow in a river can be modeled as a log-normal distribution. From the data, it was estimated that, the probability that the flow exceeds 1133 cfs is 50% and the probability that it exceeds 100 cfs is 90%. Let X denote the flow in cfs in the river. Flood conditions occur when flow is 5000 cfs or above. To compute the percentage of time flood conditions occur for this river, we have to find, P(X≥5000)=1-P(Z<a). What is the value of a? Please report your answer in 3 decimal places.

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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.