Use Chebyshev S Inequality to Describe Any Set of Data

question 23

Essay

Use Chebyshev s Inequality to Describe Any Set of Data
-Commuting times for employees of a local company have a mean of 63.6 minutes and a standard deviation of 2.5 minutes. What does Chebyshev s Theorem say about the percentage of employees with commuting times between 58.6 minutes and 68.6 minutes

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Definitions:

Wholesaler's List Price

The price at which a wholesaler is willing to sell their goods, before any discounts or allowances are applied.

Discount

A reduction applied to the regular price of goods or services, often to stimulate sales or clear inventory.

Operating Profit

Money made from the essential business functions of a firm, excluding the removal of interest and tax costs.

Menswear

Clothing and apparel specifically designed for men, encompassing a range of items such as suits, trousers, shirts, and footwear.