Apply Chebyshev's rule with k=5and interpret your answer.

Short Answer

Expert verified

For k=5Chebyshev’s Theorem states that at least 96%of the observations fall inside that range, and no more than 4%fall outside that range.

Step by step solution

01

We have been given

StandardDeviation=k=5

02

Calculations

Maximum proportion of observations that are more than k standard deviations from the mean are given by 1/k2=.04

Minimum proportion of observations that are within k standard deviations of the mean are given by1-1/k2=0.96

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