QUESTION IV [6] A courier service company has found that their delivery time of parcels to clients is approximately normally distributed with a mean delivery time of 30 minutes and a variance of 25 minutes (squared). Required: a) What is the probability that a randomly selected parcel will take more than 26 minutes to deliver? (2) b) What is the minimum delivery time (minutes) for the 2.5% of parcels with the longest time to deliver? (4

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A: This question is related to Distributions. The solution to the given question is explained below.

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A: Q-7

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A: The answer is explained below as follows.

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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.