The following table represents the major and computer skills levels of employees in a manufacturing company: use this information to answer major         skill Fair Good Excellent Total ENG 100 50 150 300 ACCT 50 150 200 400 MGMT 30 120 150 300 Total 180 320 500 1000 If an employee is randomly selected from this company; what is the probability (approximately) of having an ACCT major GIVEN that he has an Excellent computer skills:         0.40     0.70     0.20     0.10

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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.