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Topic:
Chebyshev’s Theorem
Chebyshev’s Theorem is a fact that applies to all possible
data sets. It describes the minimum proportion of the
measurement that lie must within two,three or more
standard deviations of the Mean.
The proportion of values from any data set that fall with in
K standard deviations of the Mean will be at least
1-1/k2, where K is greater than 1.
1-1/K2 1-1/K2
= 1-1/22 = 1-1/32
= 1-1/4 = 1-1/9
= 3/4 = 8/9
= 75 % at least = 88.89 % at least
Variable 1 Variable 2
Mean 55 55
Standard Deiation 1.3 8
Variable 1 Variable 2
Mean 55 55
Standard Deiation 1.3 8
Question NO.1
The Mean price of a shop is 60000 with standard deviation
is12000. Find the price range for which at least 75% of the
House will sell?
60000+2(12000)= 84000
60000-2(12000)= 36000
Question NO.2
The mean score of an Insurance Commission Licensure Examination is
75, with a standard deviation of 5. What percentage of the data set lies
between 50 and 100?
75 – 50 = 5k 1 - 1/ 25 = 24/25 = 96%