In a normally distributed set of data, where is the majority of the data located in relation to the mean?

Disable ads (and more) with a premium pass for a one time $4.99 payment

Master Arizona State University's ECN221 Business Statistics Exam with our resources. Utilize flashcards and multiple-choice questions. Understand every concept with hints and explanations to excel in your exam!

In a normally distributed set of data, the majority of the data is located within three standard deviations from the mean. This statement is supported by the empirical rule, also known as the 68-95-99.7 rule, which describes how data is spread in a normal distribution: approximately 68% of the data falls within one standard deviation of the mean, about 95% is contained within two standard deviations, and around 99.7% is located within three standard deviations.

Understanding that three standard deviations encompass nearly all the data illustrates how concentrated the values are around the mean in a normal distribution. This characteristic is fundamental to many statistical analyses and is a key aspect of understanding probability distributions. The fact that nearly all data points fall within this range highlights the significance of three standard deviations in evaluating data variability and making predictions based on the distribution.

The other perspectives mentioned—such as the concentration of data being within two standard deviations, around the mode, or equal on both sides of the median—do not capture the full extent of data distribution in a normal distribution as effectively as the assessment pertaining to three standard deviations does. The mode, for example, may not always align with the mean in skewed distributions, while the median's symmetry is not

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy