Tchebycheffs theorem, Statistics, Basic Statistics

Assignment Help:
Tchebycheffs theorem

As we all know standard deviation is a most widely used measure of variation. It has certain mathematical properties that facilitate development of statistical theory. It carries the same units as the variable, whereas the variable is expressed in squared units.

Deeper insight into the role and meaning of standard deviation can be gained through examination and use of a theorem developed by the Russian mathematician tchebycheff. According to this theorem, it is given a group of N within K standard deviations of the mean. The symbol K represents number of standard deviations. The theorem can be quantified for any desired value of K each different value of K produces a new interval with different minimum proportions of observations encompassed.

To illustrate, let K = 1, 2 and 3 when K = 1, this interval created is the mean ± 1 standard deviation, i.e. µ ± s. For this value of K the minimum proportion of observations contained in the interval is

1 + (1/K)^2 + 1 -1/1 = 1-1 = 0

When K = 2, the interval is µ ± 2s and the minimum proportion observation in the interval is:

1 – (1/)2 = 1 –1/4= 3/4.

When K = 3, interval is µ ± 3s and the minimum proportion of items in the interval is:

1 – (1/3)2 = 1 - 1/9 = 8/9

Related Discussions:- Tchebycheffs theorem, Statistics

Prepare journal entries, Quick Company acquired a piece of equipment in Yea...

Quick Company acquired a piece of equipment in Year 1 st cost $100,000. The equipment has a 10-year estimated life, zero salvage value and a depreciation of a straight line basis.

methods of collecting primary data, Distinguish between primary and second...

Distinguish between primary and secondary data. What are the methods of collecting primary data?

Time series, explain tthe two uses of time serie, and the four components o...

explain tthe two uses of time serie, and the four components of time series?

Financial evaluation of projects, Financial evaluation of projects The net ...

Financial evaluation of projects The net provide value of a venture is the provide value of future repayments reduced by the provide value of expenditures. The amount of lower pric

Probability , Set 1: 1 2 3 4 5 Set 2: 1 13 25 31 42 Set 3: 10 16 24 25 4...

Set 1: 1 2 3 4 5 Set 2: 1 13 25 31 42 Set 3: 10 16 24 25 40 Set 4: 5 10 15 20 25 1. Is one of these sets of numbers more likely to win the Gopher 5 than any of the others? Exp

Sampling errors, what are the types of sampling errors and their causes?

what are the types of sampling errors and their causes?

Calculate present value-hpr and future value , Semiannual coupon = 10%*$100...

Semiannual coupon = 10%*$100/2 = $5 Since it is one-year semiannual bond, it pays two coupons, one at six months from now and the other at maturity when the bank account will be

Genotypes are crossed ttyypp x ttyypp - Genetics Biology, Consider the gi...

Consider the given below. T _ tall is dominant to dwarf (tt). Y _ yellow seed is dominant to green seed (yy). P _ purple flower is dominant to white flower (pp). If plants wi

Accrue definition in accounts, To history income and expenditures/expenses ...

To history income and expenditures/expenses when they connect with the identification requirements of the finance form engaged regardless of when the money action happens.

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd