The Distribution of Dollars Paid for Car Insurance by Car

question 113

True/False

The distribution of dollars paid for car insurance by car owners in a major east coast city is bell-shaped with a mean equal to $750 every six months and a standard deviation equal to $100.Based on this information we can use Tchebysheff's theorem to determine the conservative percentage of car owners that will pay between $550 and $950 for car insurance.

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