According to the Chebyshev Rule, at Least 93

question 138

Multiple Choice

According to the Chebyshev rule, at least 93.75% of all observations in any data set are contained within a distance of how many standard deviations around the mean?

• A) 1
• B) 2
• C) 3
• D) 4

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Definitions:

Expected Rate

The predicted average rate of return or growth over a specific period of time.

Total Investment

The sum of expenditures on capital assets, plus the change in inventory levels, within an economy over a period of time.

Market Rate

The prevailing price or interest rate available in the marketplace for goods, services, or financial assets.

Interest

Interest is the cost of borrowing money, typically expressed as a percent of the amount borrowed, paid by the borrower to the lender.