If Nothing Is Known About the Shape of a Distribution

question 132

Multiple Choice

If nothing is known about the shape of a distribution, what percentage of the observations fall within 2 standard deviations of the mean?

• A) at least 75%
• B) at most 25%
• C) approximately 95%
• D) approximately 5%

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Definitions:

Ethical standard

Ethical standard refers to the principles that guide moral conduct within a profession or organization, outlining acceptable behaviors and practices that ensure fair and just operations.

Corporation

A legal entity that can own property and enter into contracts for the benefit of its shareholders.

Social constitution

The way in which a society is organized, including its social structures, norms, and institutions, and how they interact to shape the behavior and attitudes of its members.

Political economy

A branch of social science that studies the relationships between individuals and society and between markets and the state, using methods from both economics and political science.