Chebyshev's Theorem | Formula, Usage & Examples
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Chebyshev's Theorem | Formula, Usage & Examples
Learn about Chebyshev's Theorem, and understand the formula for Chebyshev's Theorem through examples. Identify Chebyshev's Inequality and how it is used.
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Chebyshev Inequality Explained
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We saw that if we want to have a probability of at least 95% that the poll results are within 1 percentage point of the truth, Chebyshev's inequality recommends a sample size of n=50,000 . This is very large compared to what is done in practice. Newspaper polls use smaller sample sizes for various reasons. For each of the following, decide whether it is a valid reason. In the real world, a) the accuracy requirements are looser.b) the Chebyshev bound is too conservative. c) the people sampled are
We saw that if we want to have a probability of at least 95% that the poll results are within 1 percentage point of the truth, Chebyshev's inequality recommends a sample size of n=50,000 . This is very large compared to what is done in practice. Newspaper polls use smaller sample sizes for various reasons. For each of the following, decide whether it is a valid reason. In the real world, a) the accuracy requirements are looser.b) the Chebyshev bound is too conservative. c) the people sampled are
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