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Chebysheff's Theorem States That the Percentage of Observations in a Data

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True/False

Chebysheff's Theorem states that the percentage of observations in a data set that should fall within five standard deviations of their mean is at least 96%.

Assess how price changes affect surplus and market efficiency.
Understand the role of equilibrium in maximizing total surplus in a market.
Describe the implications of trade policies on the international exchange of goods and the domestic economy.
Interpret market equilibrium from a supply and demand graph.

Definitions:

Debt

An amount of money borrowed by one party from another, which needs to be repaid usually with interest.

Compounded Annually

Refers to the process where the interest on an investment or loan is calculated annually and added to the principal, so that the balance doesn't merely grow by the initial rate of interest but by the interest on the interest as well.

Contributions

Contributions are amounts of money or resources given by individuals or entities to a common fund or cause, often for charity, investments, or pooling resources.

Investment

Allocation of resources, usually money, in expectation of a future financial return or benefit.

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