AuthorTopic: Chebyshev's Inequality
DineshD
@2017-11-20 08:00:19
Firstly I am trying to understand the actual use of this formula. Could someone explain what we are trying to find out through this formula and its actual use in practise?

What does the statement "A minimum of 75% of observations lie within 2 Std. dev of the mean." actually indicates? Does 2 Std. dev indicates the calculated standard dev. of the sample?
Alexxx2
@2017-11-26 09:06:40
I have the same question I think it's only used for non-normal distributions for which traditional Z/T stats can't be used

CFA Discussion Topic: Chebyshev's Inequality

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I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes

Barnes