Quantitative Methods Q130

0. According to Chebyshev’s inequality, at least 88.89 percent of the observations for any distribution must lie within:

  • Option : C
  • Explanation : The formula for Chebyshev‟s inequality is: 1 – 1/k2 = % of distribution 1 – 1/k2 = 0.8889; solving for k, we get k = 3 88.89% of any distribution lies within 3 standard deviations.
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