In a bell-shaped curve, what percentage of observations fall within one standard deviation of the mean according to the empirical rule?

Master the Mckissock General Appraiser Sales Comparison Approach Test with comprehensive quizzes and explanations. Enhance your skills in the appraiser profession and pass your exam with confidence!

Multiple Choice

In a bell-shaped curve, what percentage of observations fall within one standard deviation of the mean according to the empirical rule?

Explanation:
In a normal (bell-shaped) distribution, the empirical rule says about 68% of observations fall within one standard deviation of the mean. This comes from roughly 34% lying between the mean and one standard deviation above, and 34% between the mean and one standard deviation below, adding up to about 68%. If you want the precise figure for the standard normal distribution, it’s 68.27%, but the commonly used rule of thumb is 68%. The remaining observations lie in the tails beyond one standard deviation, about 16% in each tail.

In a normal (bell-shaped) distribution, the empirical rule says about 68% of observations fall within one standard deviation of the mean. This comes from roughly 34% lying between the mean and one standard deviation above, and 34% between the mean and one standard deviation below, adding up to about 68%. If you want the precise figure for the standard normal distribution, it’s 68.27%, but the commonly used rule of thumb is 68%. The remaining observations lie in the tails beyond one standard deviation, about 16% in each tail.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy