A major ride-sharing company in Chicago has computed its mean fare from O'Hare Airport to the Drake Hotel to be $29.75 with a standard deviation of $3.17. Based on this information, complete the following statements about the distribution of the company's fares from O'Hare Airport to the Drake Hotel. (a) According to Chebyshev's theorem, at least (Choose one) ▼ fares lie between 23.41 dollars and 36.09 dollars. of the (b) According to Chebyshev's theorem, at least 56% of the fares lie between dollars and dollars. (Round your answer to 2 decimal places.) X 3
A major ride-sharing company in Chicago has computed its mean fare from O'Hare Airport to the Drake Hotel to be $29.75 with a standard deviation of $3.17. Based on this information, complete the following statements about the distribution of the company's fares from O'Hare Airport to the Drake Hotel. (a) According to Chebyshev's theorem, at least (Choose one) ▼ fares lie between 23.41 dollars and 36.09 dollars. of the (b) According to Chebyshev's theorem, at least 56% of the fares lie between dollars and dollars. (Round your answer to 2 decimal places.) X 3
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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![**Transcription for Educational Website**
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A major ride-sharing company in Chicago has computed its mean fare from O'Hare Airport to the Drake Hotel to be $29.75 with a standard deviation of $3.17. Based on this information, complete the following statements about the distribution of the company's fares from O'Hare Airport to the Drake Hotel.
(a) According to Chebyshev's theorem, at least [Choose one] of the fares lie between 23.41 dollars and 36.09 dollars.
(b) According to Chebyshev's theorem, at least 56% of the fares lie between [ ] dollars and [ ] dollars. (Round your answer to 2 decimal places.)
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**Explanation of Diagrams/Graphs:**
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Transcribed Image Text:**Transcription for Educational Website**
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A major ride-sharing company in Chicago has computed its mean fare from O'Hare Airport to the Drake Hotel to be $29.75 with a standard deviation of $3.17. Based on this information, complete the following statements about the distribution of the company's fares from O'Hare Airport to the Drake Hotel.
(a) According to Chebyshev's theorem, at least [Choose one] of the fares lie between 23.41 dollars and 36.09 dollars.
(b) According to Chebyshev's theorem, at least 56% of the fares lie between [ ] dollars and [ ] dollars. (Round your answer to 2 decimal places.)
---
**Explanation of Diagrams/Graphs:**
There are no diagrams or graphs included in this image.
---
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
Step 1
a)
Suppose a random variable X defines the fare from the airport to the hotel.
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