According to the Empirical Rule,how Many Observations Lie Within +/-

question 53

Multiple Choice

According to the empirical rule,how many observations lie within +/- 1 standard deviation from the mean?

• A)50%
• B)68%
• C)95%
• D)Almost all

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Definitions:

Limited Liability

A legal status where a person's financial responsibility is limited to a fixed amount, usually the value of their investment in a company or partnership.

Torts

Civil wrongdoings recognized by law as grounds for a lawsuit, resulting in injury or harm that constitutes the basis for a claim by the injured party.

Vicariously Liable

Legal responsibility of one party for the actions of another party, typically in an employer-employee relationship.

Formal Steps

Formal steps are specific procedures required by law or regulation to complete a legal action or process.