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In: Statistics and Probability

The salaries of managers at a distributing company revealed a mean income of $72,000 with a...

The salaries of managers at a distributing company revealed a mean income of $72,000 with a standard deviation of $3,000.

Using Chebyshev’s Theorem, at least what percentage of the managers $65,400 but no more than $78,600?

Using Chebyshev’s Theorem, at least what percentage of the managers earn between negative three and positive three standard deviations from the mean?

Under what conditions do you use the Chebyshev’s Theorem?

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