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In statistics, the 68–95–99.7 rule, also known as the empirical rule, and sometimes abbreviated 3sr, is a shorthand used to remember the percentage of values that lie within an interval estimate in a normal distribution: approximately 68%, 95%, and 99.7% of the values lie within one, two, and three standard deviations of the mean, respectively.
Negative number. This thermometer is indicating a negative Fahrenheit temperature (−4 °F). In mathematics, a negative number is the opposite (mathematics) of a positive real number. [1] Equivalently, a negative number is a real number that is less than zero. Negative numbers are often used to represent the magnitude of a loss or deficiency.
This attribute of a number, being exclusively either zero (0), positive (+), or negative (−), is called its sign, and is often encoded to the real numbers 0, 1, and −1, respectively (similar to the way the sign function is defined). [1] Since rational and real numbers are also ordered rings (in fact ordered fields), the sign attribute also ...
A percentage change is a way to express a change in a variable. It represents the relative change between the old value and the new one. [6]For example, if a house is worth $100,000 today and the year after its value goes up to $110,000, the percentage change of its value can be expressed as = = %.
Subtraction is an operation that represents removal of objects from a collection. [1] For example, in the adjacent picture, there are 5 − 2 peaches—meaning 5 peaches with 2 taken away, resulting in a total of 3 peaches. Therefore, the difference of 5 and 2 is 3; that is, 5 − 2 = 3.
Stock A over the past 20 years had an average return of 10 percent, with a standard deviation of 20 percentage points (pp) and Stock B, over the same period, had average returns of 12 percent but a higher standard deviation of 30 pp. On the basis of risk and return, an investor may decide that Stock A is the safer choice, because Stock B's ...
For example, 5.7 ± 0.2 may be anywhere in the range from 5.5 to 5.9 inclusive. In scientific usage, it sometimes refers to a probability of being within the stated interval, usually corresponding to either 1 or 2 standard deviations (a probability of 68.3% or 95.4% in a normal distribution ).
In general, if an increase of x percent is followed by a decrease of x percent, and the initial amount was p, the final amount is p (1 + 0.01 x)(1 − 0.01 x) = p (1 − (0.01 x) 2); hence the net change is an overall decrease by x percent of x percent (the square of the original percent change when expressed as a decimal number).