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 \(0.3 \%\)

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Definitions:

Buy American Campaign

A movement encouraging consumers to purchase goods made in the United States in order to support domestic businesses and labor.

Trade Balance

The difference between a country's exports and imports of goods and services.

U.S. Government

The federal government of the United States, a constitutional republic comprising the executive, legislative, and judicial branches.

Net Capital Outflow

The difference between the domestic country's sale of assets to foreigners and its purchase of assets from foreigners during a specific period.