Tchebysheff's Theorem Applies Only to Data Sets Which Have a Mound-Shaped

question 146

True/False

Tchebysheff's Theorem applies only to data sets which have a mound-shaped distribution.

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Definitions:

Standard Of Living

A level of material comfort in terms of goods and services available to someone or some group.

Market Failure

Market failure occurs when the allocation of goods and services by a free market is not efficient, often leading to a net social welfare loss.

Allocate Resources

The process of distributing available resources among various competing needs and desires to achieve desired outcomes.

Efficiently

Achieving maximum productivity with minimum wasted effort or expense.