Would it be unusual for an data value to be more extreme than 4.76 standard deviations from the mean?  Explain using probability. Would it be unusual for a data value to be more extreme than -1.36 standard deviations from the mean?  Explain using probability. For 9 trials that follow a binomial distribution with the probability of failure at 8%, find the probability of exactly 6 successes. Find and interpret the expected value of a $20 bet on red and $40 bet on black for one spin of the roulette wheel.

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A: Introduction: The formula for the binomial distribution formula: P(x)=nxpxq(n-x)

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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.