Question

A major ride-sharing company in Chicago has computed its mean fare from O'Hare Airport to the Drake Hotel to be $28.11 with a standard deviation of $3.07. Based on this information, complete the following statements about the distribution of the company's fares from O'Hare Airport to the Drake Hotel х 5 2 (a) According to Chebyshev's theorem, at least (Choose one) y of the fares le between 21.97 dollars and 34 25 dollars. (b) According to Chebyshev's theorem, at least 84% of the forestie between dollars and dollars. (Round your answer to 2 decimal places) RIPTIVE STATISTICS hev's theorem haring company in Chicago has computed its mean fare from O'Hare Airport to the information, complete the following statements about the distribution of the comp of the Х $ g to Chebyshev's theorem, at least (Choose one, between 21.97 dollars and 34.25 de 36% 56% ng to Chebyshev's theorem, at least 75% dollars and I dollars. (Round y 84% 89% lie cimal

Answer 1

According to Chebyshev's theorem, at least 75% of the fares will lie between $21.97 and $34.25, and at least 89% of the fares will be between $19.97 and $37.25.

Step-by-step explanation:

A) According to Chebyshev's theorem, at least 75% of the fares will lie between $21.97 and $34.25.

B) According to Chebyshev's theorem, at least 89% of the fares will be between $19.97 and $37.25.

The Chebyshev's theorem states that for any distribution, the proportion of data within k standard deviations of the mean is at least 1 - (1/k^2), where k is any positive number greater than 1. In this case, we can use k = 2 to find the range of fares.