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

Convexity and concavity, Show that for a single-output technology, Y is con...

Show that for a single-output technology, Y is convex if and only if the production function f (z) is concave.

Collection method, what is the advantages of face-to-face interview?

what is the advantages of face-to-face interview?

Ogive, When we use upper or lower class boundaries during calculation of og...

When we use upper or lower class boundaries during calculation of ogive graph?

Calculate the numerical value- draw the casual tree, A, Explain how a perso...

A, Explain how a person can be free to choose but his or her choices are casually determined by past event B , Draw the casual tree for newcomb's problem when Eve can't perfectl

Frequency distribution, hey goo day, i wanna know the definition of frequen...

hey goo day, i wanna know the definition of frequency distribution and how to conduct it like in examples?

Derive the pure strategy nash equilibrium, There are two firms competing in...

There are two firms competing in quantity. Firm 1 and 2 set their quantities supplied, q1 and q2, respectively. The production costs are zero. The market price is given by

Draw concerning the effectiveness of the medications, A testing organizatio...

A testing organization is evaluating the effectiveness of sinus relief tablets, Relief and SineOut.  As part of the analysis the organization collects 44 sinus sufferers and random

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