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May 28, 2015

Homework Help: Statistics

Posted by David on Tuesday, June 11, 2013 at 1:44pm.

1. The mean monthly mortgage paid by all home owners in a town is $2365 with a standard deviation of $340. a) Using Chebyshev’s theorem, find at least what percentage of all home owners in this town pay a monthly mortgage of (i) $1685 to $3045 & (ii) $1345 to $3385
b) Using Chebyshev’s theorem, find the interval that contains the monthly mortgage payments of at least 84% of all home owners in this town.

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