Recall the Empirical Rule from Chapter 3. It states that if the data distribution is bell-shaped, then
Question:
Recall the Empirical Rule from Chapter 3. It states that if the data distribution is bell-shaped, then the interval m { s contains approximately 68% of the values, m { 2s contains approximately 95%, and m { 3s contains virtually all of the data values. The bell-shaped distribution referenced is the normal distribution.
a. Verify that a standard normal distribution contains approximately 68% of the values in the interval m { s.
b. Verify that a standard normal distribution contains approximately 95% of the values in the interval m { 2s.
c. Verify that a standard normal distribution contains virtually all of the data in the interval m { 3s.
Step by Step Answer:
Business Statistics
ISBN: 9781292220383
10th Global Edition
Authors: David Groebner, Patrick Shannon, Phillip Fry