Probability and Statistics | Chebyshev’s Inequality and One-sided Chebyshev Inequality
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Probability and Statistics | Chebyshev’s Inequality and One-sided Chebyshev Inequality
Let x-bar and s be the sample mean and sample standard deviation of a data set. Assuming that s larger than 0, Chebyshev’s inequality states that for any value of k larger than 1, greater than 100(1−1/k*k) percent of the data lie within the interval from x-bar −ks to x-bar +ks. Thus, by letting k = 3/2, we obtain from Chebyshev’s ...
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