The number of hybrid cars that have be requested for rental from a car rental office during a 50 day sample period is given in the following table.        Demand for Cars      Number of Days     Probability                   3                          3                    0.06                   4                          7                    0.14                   5                        12                    0.24

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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.