Find the Percentage Using Chebyshev's Theorem
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Chebyshev's Theorem states that for any set of numbers, the fraction that will like within k standard deviations of the mean is at least 1- 1/k^2. Use this theorem to find the least possible percentage (to the nearest tenth of a percent) of all the items lying within 4 standard deviations of the mean.
What percentage of all items lie within 4 standard deviations?
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Solution Summary
The solution gives detailed steps on finding the percentage using Chebyshev's Theorem.
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