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

Index, Utility of index

Utility of index

Bi variate frequency distribution, solved example with data of bi variate f...

solved example with data of bi variate frequency distribution

Inventory, An audit of the accounting records of Loch Ness Ltd. for the yea...

An audit of the accounting records of Loch Ness Ltd. for the year ending 30 June 2012 discovered that the ending inventory balance was over-valued by $35,000. Upon further investig

Estimate the probability, A football coach recorded in the practice session...

A football coach recorded in the practice sessions how many attempts were needed for a certain player to kick a field goal from the 25-yard line, and got the following numbers 3

The number of degrees of freedom, Use the given information to find the num...

Use the given information to find the number of degrees of? freedom, the critical values chi Subscript Upper L Superscript 2?2L and chi Subscript Upper R Superscript 2?2R?, and the

Accounts receivable solutions, Volumes due from personal individuals or com...

Volumes due from personal individuals or companies for products, and/or solutions equipped by the condition. Records Receivable does not involve amounts due from other companies, r

Cost accounting, difference between financial statement and annual report ....

difference between financial statement and annual report .

Find the probability, Question: (a) Find the number of different words...

Question: (a) Find the number of different words which can be formed with the letters A, A, A, B, B, C, C if (i) there is no restriction (ii) they must st

Strategy nash equilibrium, Consider a population of consumers uniformly dis...

Consider a population of consumers uniformly distributed along the interval from left-hand (x = 0) to right-hand (x=1). The mass of consumers is 1. There are two firms (F1 and F2)

Capital budget, Capital budget The piece of a budget: a separate budget: d...

Capital budget The piece of a budget: a separate budget: dedicated to proposed additions to capital assets & the means of financing to those additions,

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