Suppose that a random variable Z has mean E(X) 15 and variance Var(X) 4, but its probability distribution is unknown Use Chebyshev 's Inequality to find the value of the constant c where Pr( X 15 c) 0 96 ...

In Chebyslievs Inequality PrX EX k ...

Suppose that a random variable Z has mean E(X) = 15 and variance Var(X) = 4, but

Question:

Suppose that a random variable Z has mean E(X) = 15 and variance Var(X) = 4, but its probability is unknown. Use Chebyshev's Inequality to find the value of the constant c where Pr(|X - 15| < c) > 0.96.
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...