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urrent Attempt in Progress Use the \( 95 \% \) rule and the fact that the summary statistics come from a distribution that is symmetric and bell-shaped to find an interval that is expected to contain about \( 95 \% \) of the data values.

Ask by Dickson Hill. in the United States
Feb 03,2025

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To find an interval containing about 95% of the data, subtract and add two standard deviations from the mean. So, the interval is from (mean - 2σ) to (mean + 2σ).

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The Deep Dive

To find an interval that contains about \( 95\% \) of the data values in a symmetric and bell-shaped distribution (like the normal distribution), you can use the empirical rule. This rule states that approximately \( 95\% \) of the data falls within two standard deviations of the mean. So, if your mean is \( \mu \) and your standard deviation is \( \sigma \), the interval you are looking for would be \( [\mu - 2\sigma, \mu + 2\sigma] \). This systematic approach not only helps you estimate the spread of your data effectively but also reinforces the importance of understanding how variations affect significances in real-world applications. For instance, in quality control in manufacturing, this method allows companies to ensure that their products consistently meet specifications while minimizing variations. This bolsters efficiency and customer satisfaction, showcasing the practical advantage of statistical knowledge!

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