Summarize the Empirical Rule

question 164

Essay

Summarize the Empirical Rule.

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Definitions:

Thousands of Dollars

A unit of measure indicating the amount in multiples of one thousand dollars, often used to simplify financial figures.

Y-Intercept

The point where a line crosses the y-axis on a graph.

Least Squares Line

A line of best fit determined by minimizing the sum of the squares of the vertical distances of the points from the line.

Shape of Distribution

Describes the geometric outline formed by plotting the frequency of data points over a range of values.