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The empirical rule can only be used for a normal distribution, so I will assume you are referring to a normal distribution. Chebyshev's theorem can be used for any distribution. The empirical rule is more accurate than Chebyshev's theorem for a normal distribution. For 2 standard deviations (sd) from the mean, the empirical rule says 95% of the data are within that, and Chebyshev's theorem says 1 - 1/2^2 = 1 - 1/4 = 3/4 or 75% of the data are within that. From the standard normal distribution chart, the answer for 2 sd from the mean is 95.44% So, as you can see the empirical rule is more accurate.

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Can you use the normal distribution to approximate the binomial distribution. Give reason?

Yes, and the justification comes from the Central Limit Theorem.


Why is central limit theorem important?

The central limit theorem is one of two fundamental theories of probability. It's very important because its the reason a great number of statistical procedures work. The theorem states the distribution of an average has the tendency to be normal, even when it turns out that the distribution from which the average is calculated is definitely non-normal.


Why you put price on y axis and quantity demanded on x axis in economics?

Price and quantity demanded are both interdependent: there is not an independent variable. From that point of view, there is no reason to put one variable on the x-axis rather than the other.However, putting price on the horizontal axis makes it simpler to add the supply curve on the same chart, and then study the market equilibrium.Price and quantity demanded are both interdependent: there is not an independent variable. From that point of view, there is no reason to put one variable on the x-axis rather than the other.However, putting price on the horizontal axis makes it simpler to add the supply curve on the same chart, and then study the market equilibrium.Price and quantity demanded are both interdependent: there is not an independent variable. From that point of view, there is no reason to put one variable on the x-axis rather than the other.However, putting price on the horizontal axis makes it simpler to add the supply curve on the same chart, and then study the market equilibrium.Price and quantity demanded are both interdependent: there is not an independent variable. From that point of view, there is no reason to put one variable on the x-axis rather than the other.However, putting price on the horizontal axis makes it simpler to add the supply curve on the same chart, and then study the market equilibrium.


Perimeter of a right angled triangle is 12 cm and its hypotenuse is 5 cm.find the other sides?

If you have ever heard of a 3:4:5 triangle, there's your answer. 3 and 4 The reason this is so, is because 3^2 + 4^2 = 5^2 (9 + 16 = 25) according to the Pythagorean Theorem, and 3 + 4 + 5 just so happens to equal 12.


What is another name for most important?

The most important reason... The primary reason ...

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