The distribution of chocolate chips (x) in a cookie is shown in the following table. Find the mean, variance, and standard deviation of the number of chocolate chips in a cookie. X                P(X = x) 0                 0.01 1                 0.03 2                 0.05 3                 0.11 4                 0.13 5                 0.24 6                 0.22 7                 0.16 8                 0.05

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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.