Examlex
Using a stopwatch to determine how long customers wait at a drive-through location at McDonald's is an example of what type of observation?
Chebysheff's Theorem
A statistical theorem that provides a minimum bound on the proportion of observations within a specified number of standard deviations from the mean for any distribution shape.
Bell Shaped Distribution
A probability distribution that forms a symmetric bell-shaped curve, commonly associated with the normal distribution.
Coefficient of Variation
A uniform metric showing the spread of a probability or frequency distribution as a percentage relative to the average.
Standard Deviation
A statistic that measures the dispersion or variation of a set of data points from their mean.
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