The number of arrivals per minute at a bank located in the central business district of a large city was recorded over a period of 200​ minutes, with the results shown in the table below. Complete​ (a) through​ (c) to the right. a. Compute the expected number of arrivals per minute. b. Compute the standard deviation. c. What is the probability that there will be fewer than 2 arrivals in a given​ minute?

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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.