Chebyshev’s Inequality
math.berkeley.edu › ~rhzhao › 10BSpring19Chebyshev’s Inequality Concept 1.Chebyshev’s inequality allows us to get an idea of probabilities of values lying near the mean even if we don’t have a normal distribution. There are two forms: P(jX j<k˙) = P( k˙<X< + k˙) 1 1 k2 P(jX j r) Var(X) r2: The Pareto distribution is the PDF f(x) = c=xp for x 1 and 0 otherwise. Then this