Use Chebyshev S Inequality to Describe Any Set of Data $89 \%$

question 21

Multiple Choice

Use Chebyshev s Inequality to Describe Any Set of Data
-If nothing is known about the shape of a distribution, what percentage of the observations fall within 3 standard deviations of the mean

• A) at least \(89 \%\)
• B) at most \(11 \%\)
• C) approximately \(99.7 \%\)
• D) approximately \(0.3 \%\)

---

Definitions:

Future Services

The future work or duties to be performed under the terms of a service contract or agreement.

Extreme Uncertainty

Situations where the variables and risks affecting an outcome cannot be measured or predicted accurately due to insufficient information or understanding.

Cash Collected

This term generally refers to the amount of money a company receives during a specific period, including revenues from sales and other sources.

Immediate Saleable

Assets or securities that can be quickly and easily sold in the market without significantly affecting their price.