Chebyshev's theorem can be used to find the minimum percentage of the values in a data
set that will fall within a certain distance of the mean.

Question

Quizplus · Accepted Answer

Chebyshev's theorem states that for any dataset (regardless of distribution), at least $1 - \frac{1}{k^2}$ of the data values will fall within $k$ standard deviations of the mean, where $k > 1$. This theorem is used to estimate the minimum percentage of values within a specified number of standard deviations from the mean.

Chebyshev's Theorem Can Be Used to Find the Minimum Percentage