The time that a customer expects to receive service from a firm is a uniform distribution. If the probability that the time a customer waits to receive service is more than 20 minutes is 0.60, and the probability that it is less than 25 minutes is 0.60: 1. Find the probability that a customer's waiting time is less than 15 minutes. 2. The manager of this firm expressed his aim by saying that "70% of customers wait for service should not exceed 25 minutes". Explain whether this goal has been met by making the necessary calculations.

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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.