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The Distribution of Dollars Paid for Home Insurance by Home

Question 109

True/False

The distribution of dollars paid for home insurance by home owners in Detroit is bell - shaped with a mean equal to $800 every six months, and a standard deviation equal to $120. Based on this information, we can use Tchebysheff's Theorem to determine the percentage of home owners that will pay between $560 and $1,040 for home insurance.

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