Chebyshev's inequality, (Exercise 44, Chapter 3), is valid for continuous as well as discrete distributions. It states

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Chebyshev's inequality, (Exercise 44, Chapter 3), is valid for continuous as well as discrete distributions. It states that for any number k satisfying k ≥ 1, P(|X - μ| ≥ kσ) ≤ 1/k2 (see Exercise 44 in Chapter 3 for an interpretation). Obtain this probability in the case of a normal distribution for k = 1, 2, and 3, and compare to the upper bound.
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...
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