1. Suppose that a probability distribution has mean 10 and standard deviation 1/3. Use the Chebychev inequality...

Question:

1. Suppose that a probability has mean 10 and standard deviation 1/3. Use the Chebychev inequality to estimate the probability that an outcome will lie between 9 and 11.
2. Suppose that a probability has mean 50 and standard deviation 8. Use the Chebychev inequality to estimate the probability that an outcome will lie between 38 and 62.
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...