The distribution of dollars paid for home insurance by home owners in Detroit is bell - shaped with a mean equal to $800 every six months, and a standard deviation equal to $120. Based on this information, we can use Tchebysheff's Theorem to determine the percentage of home owners that will pay between $560 and $1,040 for home insurance.

Question

Quizplus · Accepted Answer

Tchebysheff's Theorem is used for any distribution, but the problem states the distribution is bell-shaped (normal), so the Empirical Rule is more appropriate for calculating percentages in this case.

The Distribution of Dollars Paid for Home Insurance by Home