Question: According to the empirical rule, almost all the data should lie between ( x 3s) and ( x 3s). The range accounts for

According to the empirical rule, almost all the data should lie between (¯ x  3s) and (¯ x  3s).

The range accounts for all the data.

a. What relationship should hold (approximately)

between the standard deviation and the range?

b. How can you use the results of part a to estimate the standard deviation in situations when the range is known?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Elementary Statistics Questions!

Q:

According to the empirical rule, almost all the data should lie between (- 3s)and (+ 3s) The range accounts for all the data. a. What relationship should hold (approximately) between the standard...

Q:

answer questions listed on 1st picture 84 Sample Examination Four Section I 8. The histogram shows the ages of cars in the parking lot at a local high school. X 6 . 8 9 10 Which of the following...

Q:

Descriptive Statistics - Real Estate Data Part I Descriptive Statistics - Real Estate Data Part 1 Steve Hill, Desiree Delaloza, Steve Muchuca & Rosa Mercado QNT/ 351 - Team A February 29, 2016 Eugene...

Q:

Economics PART 1 The following table shows a sample of the amount spent for lunch by 3 students. Note that this is ungmuped data. It is the same data used in the Module 4 Canvas Practice Assignment,...

Q:

1.1 Questionnaire survey method is used to collect (2) A. Primary data B. Secondary data C. Qualitative variable D. None of these 1.2 Colour of a car data is (2) A. Categorical data B. Ordinal data...

Q:

Use a calculator or software where necessary instead of the formulas below. Excel formulas are shown in GREEN. Nature of data: Qualitative (categorical) data, quantitative (numeric) data (continuous...

Q:

A purchasing agent for a trucking company is shopping for replacement tires for their trucks from two suppliers. The suppliers' prices are the same. However, Supplier A's tires have an average life...

Q:

THANK YOU! If x is a monetary value (a payoff if positive, a cost if negative), U(x) the utility of this value, and R >o is the risk tolerance, then the function U(x) = 1- utility. a. exponential =...

Q:

1. Finish times (to the nearest hour) for 60 dogsled teams are shown below. Use five classes. Categorize the basic distribution shape as uniform, mound-shaped symmetric, bimodal, skewed left, or...

Q:

1.1 Questionnaire survey method is used to collect (2) A. Primary data B. Secondary data C. Qualitative variable D. None of these 1.2 Colour of a car data is (2) A. Categorical data B. Ordinal data...

Q:

Write a paper about selecting companys application of GAAP in cost recording, recognition, and matching of expenses and revenues.

Q:

The description and statements given in Problem 7.24 often elicit responses that are not consistent with probability requirements. If you are like most people, you ranked statement h (Linda is a bank...

Q:

If Iotal assets decrease but total liablities remain the same, what is the impact on the deb - lo - assets ratio? Maple Croice It decreates. It carnot be delomined without adstional information. il...

Q:

Explain how the mapping from an instruction code to a microinstruction address can be done by means of a read-only memory. What is the advantage of this method compared to the one in Fig. 7-3? Fig....

Q:

Find the critical values for a 99% confidence interval using the chi-square distribution with 5 degrees of freedom.

Q:

Find the critical values for a 95% confidence interval using the chi-square distribution with 15 degrees of freedom.

Q:

If we have a confidence interval for a variance, we can obtain a confidence interval for the standard deviation by squaring the confidence bounds. In Exercises 7 and 8, determine whether the...

Q:

Nina Company prepared the following fixed budget for July using 7,780 units for budgeted sales. Actual sales were 7,480 units and actual costs are shown below. For Month Ended July 31 Sales Variable...

Q:

On January 1, Barton Brothers, Incorporated started the year with a $701,000 balance in Retained Earnings and a $607,000 balance in Common Stock During the year, the company reported net income of...

Q:

2 Question A small pump costs $16,000 and has a life of 8 years and a $2,000 SV at that time. If the 200% DB method is used t Choose the correct answer below. A. The BV at the end of year four is...