Answer: 75% of the rate lies in 47 per month and 55 per month.
Step-by-step explanation:
The mean rate for a satellite television from a sample of households was $51.00 per month, with a standard deviation of $2.00 per month.
According to the Chebychev's Theorem, atleast [tex](1-\dfrac{1}{k^2})[/tex] % of the data lies within k standard deviation from the mean.
For k=2
[tex]1-\dfrac1{2^2}=1-\dfrac14=\dfrac34=0.75\ or \ 75\%[/tex]
Alteast 75% of data lies within 2 standard deviation from mean.
i.e. 51-2(2) per month and 51+2(2) per month
i.e. 47 per month and 55 per month
Hence, 75% of the rate lies in 47 per month and 55 per month.