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State the approximate probability that a normal random variable will fall within the following intervals:Mean plus or minus one standard deviation

Question

State the approximate probability that a normal random variable will fall within the following intervals:Mean plus or minus one standard deviation

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Solution

The probability that a normal random variable will fall within one standard deviation of the mean (i.e., between the mean minus one standard deviation and the mean plus one standard deviation) is approximately 68%. This is a well-known rule in statistics often referred to as the Empirical Rule or the 68-95-99.7 rule.

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