In this exercise, you will compare Chebychevs rule and the empirical rule. a. Compare the estimates given

Question:

In this exercise, you will compare Chebychev’s rule and the empirical rule.
a. Compare the estimates given by the two rules for the percentage of observations that lie within two standard deviations to either side of the mean. Comment on the differences.
b. Compare the estimates given by the two rules for the percentage of observations that lie within three standard deviations to either side of the mean. Comment on the differences.