Chebyshev's Theorem Says That at Least 95 Percent of the Data

question 110

True/False

Chebyshev's Theorem says that at least 95 percent of the data lie within 2 standard deviations of the mean.

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Trade-Offs

Decisions made that involve a sacrifice of one thing to obtain another, often used in discussions of economic and personal choices.

Opportunity Cost

This represents the value of the best alternative foregone when a decision to pursue a certain action is made.

Given Budget

A specified sum of money allocated for a particular purpose, often within a fixed time period.

Price

The amount of money or its equivalent paid or charged for a product or service, or the sum of values that consumers exchange for the benefits of having or using the product or service.