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In a statistics class, the average grade on the final examination was 75 with a standard deviation of 5. Use Chebyshev's theorem to answer the following questions.
a.At least what percentage of the students received grades between 50 and 100?
b.Determine an interval for the grades that will be true for at least 70% of the students. (Hint: First, compute the Z-score.)
Competitive Marketplace
Describes an economic environment where businesses vie for the same customers, offering similar or better goods and services to gain market share.
Increased Choices
A market condition where consumers have a wider range of products or services to choose from, often due to innovation or increased competition.
Monopolies
Describes a market structure in which a single seller dominates the market, facing little to no competition.
Marketers
Professionals engaged in the promotion, distribution, and selling of products or services to consumers or other businesses.
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