Chebyshev's Inequality is a statistical theorem that provides a way to estimate the minimum proportion of values that lie within a specified number of standard deviations from the mean in any probability distribution, regardless of its shape. This concept is particularly relevant in understanding measures of dispersion, as it allows for predictions about data spread and helps to quantify variability in datasets.
congrats on reading the definition of Chebyshev's Inequality. now let's actually learn it.