1. Suppose that a probability distribution has mean 75 and standard deviation 6. Use the Chebychev inequality...

Question:

1. Suppose that a probability has mean 75 and standard deviation 6. Use the Chebychev inequality to find the value of c for which the probability that the outcome lies between 75 - c and 75 + c, inclusive, is at least 7/16.
2. Suppose that a probability has mean 17 and standard deviation .2. Use the Chebychev inequality to find the value of c for which the probability that the outcome lies between 17 - c and 17 + c, inclusive, is at least 15/16.
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...