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Chebyshev's Inequality

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Household income does not tend to follow a normal distribution in a particular state, yet average income is approximately $45,000/year in this state, with a standard deviation of about $9000. At least what percentage of household incomes in this state is likely to be between $18,000 to $72,000/year? Show your work as to how this is obtained.

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The solution provides step by step method for the calculation of probability using Chebyshev's Inequality. Formula for the calculation and Interpretations of the results are also included.

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Household income does not tend to follow a normal distribution in a particular state, yet average income is approximately $45,000/year in this state, with a standard deviation of about $9000. At least what percentage of household incomes in this state is likely to be ...

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