ENTREPRENEURIAL OPERATIONS
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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BONUS:What percentage of the total distribution is 3 sigma from the mean equal to?
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68.25%
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95.46%
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99.73%
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99.99966%
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Explanation:
Detailed explanation-1: -Three sigma follows the 68-95-99.7 rule, where 68% of the data falls within one standard deviation of the mean, 95% of the data within two standard deviations of the mean and 99.7% of the data within three standard deviations of the mean.
Detailed explanation-2: -What is Three Sigma? Three Sigma is the third Sigma level, which dictates that there can only be a margin of error up to three standard deviations from the mean. This means that 93.3% of all outcomes fall within this range of accuracy.
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