Chebyshev's Theorem States That

question 206

Multiple Choice

Chebyshev's theorem states that:
i. About 68% of the observation will lie within one standard deviation of the mean;
ii. About 95% of the observations will lie within two standard deviations of the mean;
iii. Virtually all (99.7%) will lie within three standard deviations of the mean.

• A) (i), (ii) and (iii) are all correct statements
• B) (i) and, (ii) are correct statements but not (iii).
• C) (i) and, (iii) are correct statements but not (ii).
• D) (ii) and (iii) are correct statements, but not (i).
• E) (i), (ii) and (iii) are all false statements.

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Definitions:

Product and Service Quality

The measure of how well a delivered product or service meets the expectations of the customer.

Absenteeism

refers to the habitual non-presence of an employee at their job, which can affect productivity and organizational goals.

Competency-based Rewards

A system of compensation where employees are rewarded based on their demonstration of skills and abilities that are valued by the organization, rather than solely on job title or seniority.

Natural Grouping

A method of organizing or categorizing based on innate characteristics or relationships, often seen in information arrangement or social structures.