I'm trying to solve a problem using Chebychev^' s Inequality:
"Suppose that X is a random variable with mean and variance both equal to 20. What can be said about P(0<X<40)?"
P(|X-μ|≥kσ)≤1/k^2
Restating the original equation:
P(0<X<40)=P(|X-20|≤20)
Rewriting to match Chebychev's Inequality
P(|X-20|≤20)≤1- 1/k^2 ;k>0
Find k: P(|X-20|≤(kσ=20))≤1-1/k^2
P(|X-20|≤(k√20=20))≤1- 1/k^2
P(|X-20|≤(k=√20))≤1- 1/k^2
P(|X-20|≤20)≤1-1/20
P(|X-20|≤20)≤19/20
The probability that X falls between 0 and 40 is less than or equal to 0.95.
Now, I know that my answer is wrong. I am either sloppy at inequalities, or I don't understand how to use them correctly.
In this case, the correct answer should be
P(|X-20|≤20)≥19/20.
Can anyone help me understand where my misunderstanding is?