Definition of Chebyshev's Inequality | Chegg.com
www.chegg.com › chebyshevs-inequality-31Chebyshev's inequality (also known as Tchebysheff's inequality) is a measure of the distance from the mean of a random data point in a set, expressed as a probability. It states that for a data set with a finite variance, the probability of a data point lying within k standard deviations of the mean is 1 / k2. Alternately stated, no more than 1 / k2 data points can be greater than k standard deviations away from the mean.
Chebyshev's inequality - Wikipedia
https://en.wikipedia.org/wiki/Chebyshev's_inequalityIn probability theory, Chebyshev's inequality (also called the Bienaymé–Chebyshev inequality) guarantees that, for a wide class of probability distributions, no more than a certain fraction of values can be more than a certain distance from the mean. Specifically, no more than 1/k of the distribution's values can be k or more standard deviationsaway from the mean (or equivalently, over 1 − 1/k of the distribution's values are less than k standard deviations away from the mean)…
Chebyshev’s Inequality - Overview, Statement, Example
corporatefinanceinstitute.com › resourcesChebyshev’s inequality is a probability theory that guarantees that within a specified range or distance from the mean. Mean Mean is an essential concept in mathematics and statistics. In general, a mean refers to the average or the most common value in a collection of. , for a large range of probability distributions, no more than a specific fraction of values will be present.
Chebyshev's inequality - Wikipedia
en.wikipedia.org › wiki › Chebyshev&In probability theory, Chebyshev's inequality guarantees that, for a wide class of probability distributions, no more than a certain fraction of values can be more than a certain distance from the mean. Specifically, no more than 1/k2 of the distribution's values can be k or more standard deviations away from the mean. The rule is often called Chebyshev's theorem, about the range of standard deviations around the mean, in statistics. The inequality has great utility because it can be applied to