BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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68%
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85%
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95%
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99.7%
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Detailed explanation-1: -The empirical rule (also called the “68-95-99.7 rule") is a guideline for how data is distributed in a normal distribution. The rule states that (approximately):-68% of the data points will fall within one standard deviation of the mean.-95% of the data points will fall within two standard deviations of the mean.
Detailed explanation-2: -For data with a roughly bell-shaped (mound-shaped) distribution, About 68% of the data is within 1 standard deviation of the mean. About 95% of the data is within 2 standard deviations of the mean.
Detailed explanation-3: -A normal distribution has some interesting properties: it has a bell shape, the mean and median are equal, and 68% of the data falls within 1 standard deviation.
Detailed explanation-4: -Approximately 95% of the data fall within two standard deviations of the mean. Approximately 99.7% of the data fall within three standard deviations of the mean.
Detailed explanation-5: -The Percentage Rules Hence, it’s sometimes called the 68 95 and 99.7 rule. The first part of the rule states: 68% of the data values in a normal, bell-shaped, distribution will lie within 1 standard deviation (within 1 sigma) of the mean.