The ____________ is important because it provides an estimate of the probability of an event occurring depending on the Standard Deviation from the Mean.

Question

Quizplus · Accepted Answer

The Empirical Rule, also known as the 68-95-99.7 rule, provides estimates of the probability of an event occurring based on the Standard Deviation from the Mean. Specifically, it states that for a normal distribution, about 68% of the data falls within one standard deviation of the mean, about 95% falls within two standard deviations, and about 99.7% falls within three standard deviations. This is important in understanding the likelihood of certain events occurring and making decisions based on that information.

The ____________ Is Important Because It Provides an Estimate of the Probability