The mean monthly mortgage paid by all home owners in a town is $2365 with a standard

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The mean monthly mortgage paid by all home owners in a town is $2365 with a standard deviation of $340.
a. Using Chebyshev’s theorem, find at least what percentage of all home owners in this town pay a monthly mortgage of
i. $1685 to $3045

ii. $1345 to $3385

b. Using Chebyshev’s theorem, find the interval that contains the monthly mortgage payments of at least 84% of all home owners in this town.

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Introductory Statistics

ISBN: 9780470904107

8th Edition

Authors: Prem S. Mann

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Question Posted: Aug 25, 2015 07:39 AM

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The mean monthly mortgage paid by all home owners in a town is $2365 with a standard

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a i Each of the two values is 680 from 2365 Hence k 680340 2 and Thus at least 75 of ...View the full answer

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