Empirical Rule

• Also known as the 68/95/99.7 rule
• Very similar to Pareto
• In a normal distribution, if you go 1 standard deviation from the mean, it will be a 68% chance of falling within that area.
• If you go two standard deviations you have a 95% chance
• Three standard deviations is 99.7% chance

Source:

• 202009011233 Statistics - Khan Academy

Tags:

• statistics

Relevant:

• 113.025 Statistics - Normal distribution
• 115.020.40.06 Reading 9 - 6. The Normal Distribution
• 115.020.40.08 Reading 9 - 8. The Standard Normal Distribution