In: Advanced Math
Speaking of the comparison and application of Chebychev's theorem to the Empirical Rule. Why is it that we need both of these rules if they describe the manner in which our data may be distributed or spread out?
1. The Empirical Rule is an approximation that applies only to data sets with a bell-shaped relative frequency histogram. It estimates the proportion of the measurements that lie within one, two, and three standard deviations of the mean.
2. Chebyshev’s Theorem is a fact that applies to all possible data sets. It describes the minimum proportion of the measurements that lie must within one, two, or more standard deviations of the mean.
The Empirical Rule does not apply to all data sets, only to those that are bell-shaped, and even then is stated in terms of approximations. A result that applies to every data set is known as Chebyshev’s Theorem.
Two key points in regard to the Empirical Rule are that the data distribution must be approximately bell-shaped and that the percentages are only approximately true. The Empirical Rule does not apply to data sets with severely asymmetric distributions, and the actual percentage of observations in any of the intervals specified by the rule could be either greater or less than those given in the rule.
I assumed that you know Chebyshev's Theorem and Empirical Rule while writhing the above description.