Westonci.ca is the ultimate Q&A platform, offering detailed and reliable answers from a knowledgeable community. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.
Sagot :
The Chebyshev Theorem guarantees that we will find at least 75% of the people with wages between $9.25 and $14.25.
What does Chebyshev’s Theorem state?
When the distribution is not normal, Chebyshev's Theorem is used. It states that:
- At least 75% of the measures are within 2 standard deviations of the mean.
- At least 89% of the measures are within 3 standard deviations of the mean.
- An in general terms, the percentage of measures within k standard deviations of the mean is given by [tex]100(1 - \frac{1}{k^{2}})[/tex].
The Chebyshev Theorem guarantees that we will find at least 75% of the people with wages within 2 standard deviations of the mean, hence the bounds are:
- 11.75 - 2 x 1.25 = $9.25.
- 11.75 + 2 x 1.25 = $14.25.
More can be learned about the Chebyshev Theorem at https://brainly.com/question/25303620
#SPJ1
We appreciate your time on our site. Don't hesitate to return whenever you have more questions or need further clarification. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.
