Assume the average age of an MBA student is 29.1 years old with a standard deviation of 2.6 years.
a) Determine the coefficient of variation.
b) Calculate the z-score for an MBA student who is 24 years old.
c) Using the empirical rule, determine the range of ages that will include 99.7% of the students around the mean.
d) Using Chebyshev's Theorem, determine the range of ages that will include at least 96% of the students around the mean. e) Using Chebyshev's Theorem, determine the range of ages that will include at least 83% of the students around the mean.
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