If Nothing Is Known About the Shape of a Distribution

question 134

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

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Definitions:

Customer Needs

The recognized necessities or desires that drive consumers to seek out products or services for satisfaction or solution.

Value Chain Analysis

A strategic tool used to analyze the activities that create value in a business, from conceptualization to delivery to consumers.

Portfolio Analysis

Involves evaluating the collection of businesses, investments, or financial assets held by an individual or corporation to determine their performance and strategic fit.

Pricing Matrix

A structured plan that outlines different price levels for a product or service based on various factors, such as market demand, competition, and cost of production.