Students will be able to apply Chebyshev's Inequality to determine the lower bounds for several key values of k and determine the minimum percentage of data elements that lie within k standard deviations of any data set's mean.
This notebook covers topics that fulfill the following NCTM standards:
Grades 9-12: Data Analysis and Probability: Understand and apply basic concepts of probability
Grades 9-12: Problem Solving: Build new mathematical knowledge through problem solving
Business Statistics, Introduction to Statistics, Introduction to Business, Chebyshev's Inequality, Lower Bounds, Standard Deviations, Data Elements, k Values, Analyze Data, Probability, Middle School, High School, Precollege, NCTM