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
Chebyshev's inequality - Wikipedia
https://en.wikipedia.org/wiki/Chebyshev's_inequalitySuppose we randomly select a journal article from a source with an average of 1000 words per article, with a standard deviation of 200 words. We can then infer that the probability that it has between 600 and 1400 words (i.e. within k = 2 standard deviations of the mean) must be at least 75%, because there is no more than 1⁄k = 1/4 chance to be outside that range, by Chebyshev's inequality. But if we additionally know that the distribution is normal, we can say there is a 75% c…