Fill in the Blank

question 163

Multiple Choice

Fill in the blank. __________ gives us a method of interpreting the standard deviation of any data set, regardless of the shape of the distribution.

• A)The Empirical Rule
• B)Chebyshevʹs Rule
• C)both A and B
• D)neither A nor B

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Definitions:

Economic Principle

A basic concept or rule that underlines the functioning of an economy, guiding the analysis of economic behavior.

Government Spending

Expenditures made by the government for goods and services that it uses to provide public services and for social welfare.

Marginal Analysis

Scrutinizing the bonus benefits of an activity alongside the supplementary costs it brings.

Additional Slice

Refers to an extra unit or portion of a product or service added beyond the current amount.