Chebysheff's Theorem Applies Only to Data Sets That Have a Bell

question 8

True/False

Chebysheff's Theorem applies only to data sets that have a bell shaped distribution.

---

Definitions:

Steeper Slope

Indicates a larger change in the y-value or dependent variable for a given change in the x-value or independent variable on a graph.

Investor

An individual or entity that allocates capital with the expectation of receiving financial returns.

Standard Deviation

Square root of the weighted average of the squares of the deviations of the payoffs associated with each outcome from their expected values.

Over-precision

A cognitive bias causing someone to be too confident in their own judgments and decisions.