Recall the Empirical Rule from Chapter 3. It states that if the data distribution is bell-shaped, then

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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.

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Business Statistics A Decision Making Approach

ISBN: 9780136121015

8th Edition

Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry, Kent D. Smith

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