UseChebyshevsInequalitytosolvethisproblem.Showyourwork
QUESTION
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8.1ChebyshevsInequality
1.UseChebyshevsInequalitytosolvethisproblem.Showyourwork.Amachine usedtofillcerealboxesdispensesonaverageµouncesperbox.Themanufacturerwantsthe actualamountdispensed,Y,tobewithin1ounceofµatleast%93ofthetime.Whatisthe largestvalueofÏ,thestandard
deviationofY,thatcanbetoleratedifthemanufacturers objectivesaretobemet?NotethatyoudonotknowthetruedistributionofY.
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ANSWER
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