Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 3 20 pts For a symmetric data set, the empirical rule says that approximately 100% of the data should lie within three standard deviations

image text in transcribed
Question 3 20 pts For a symmetric data set, the empirical rule says that approximately 100% of the data should lie within three standard deviations of the mean. Or stated another way, if an observation is outside three standard deviations of the mean, it is considered an outlier. If the mean is 100 and the standard deviation is 20, below what value would an observation be considered an outlier

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management And Organisational Behaviour

Authors: Laurie Mullins

7th Edition

0273688766, 978-0273688761

Students also viewed these Economics questions

Question

Suppose that W is a random variable with E(W4) Answered: 1 week ago

Answered: 1 week ago