We just had a massive trial of Vingonicus, I’m sure you saw the trial on the Probastream this morning, everyone was tuned in. As you know, there were exactly two witnesses: Jacobimus and Punticious. They both have a long history of not being fully accurate. Jacobimus has a probability of 11/12 of telling the truth and Punticious has a probability of 13/14 of telling the truth. Both Jacobimus and Punticious stated that Vingonicus was guilty! We know that statistically, Vingonicus is guilty with probability 1/1300 . I’m not good at probability, but I heard you are! I was wondering if you could tell me what the probability that Vingonicus is actually guilty? (We can assume that Jacobimus and Punticious telling the truth are independent events.

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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.