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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.
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.
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 = = %.
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 ...
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.
The plus–minus sign or plus-or-minus sign, ±, is a symbol with multiple meanings. In mathematics, it generally indicates a choice of exactly two possible values, one of which is obtained through addition and the other through subtraction. In statistics and experimental sciences, the sign commonly indicates the confidence interval or ...
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 ...
Thus, in the above example, after an increase and decrease of x = 10 percent, the final amount, $198, was 10% of 10%, or 1%, less than the initial amount of $200. The net change is the same for a decrease of x percent, followed by an increase of x percent; the final amount is p (1 - 0.01 x)(1 + 0.01 x) = p (1 − (0.01 x) 2).