Draw histogram of income, Advanced Statistics

Assignment Help:

The skewness is a measure of asymmetry and as it is positive at 4.29, it is greater than zero which reveals that the tail extends to the right indicating the distribution to be more stretched on the side above the mean which is 136.6. The kurtosis is a measure of the flatness of the distribution and in this case it is 48.24 suggesting that the distribution is relatively peaked compared to normal distribution. These values are high and not close to zero therefore drayou wouldn't expect to see a distribution close to being normally distributed.

815_Draw Histogram of income.png


Related Discussions:- Draw histogram of income

Fiducial inference, The problematic and enigmatic theory of an inference in...

The problematic and enigmatic theory of an inference introduced by the Fisher, which extracts a probability distribution for the parameter on the basis of the data without having f

Define matching coefficient, Matching coefficient is a similarity coeffici...

Matching coefficient is a similarity coefficient for data consisting of the number of binary variables which is often used in cluster analysis. It can be given as follows    he

Randomized consent design, Randomized consent design is the design at firs...

Randomized consent design is the design at first introduced to overcome some of the perceived ethical problems facing clinicians entering patients in the clinical trials including

Geographical analysis machine, Geographical analysis machine is the proced...

Geographical analysis machine is the procedure designed to detect the clusters of rare diseases in a particular area. Circles of fixed radii are created at each point of the squar

To create a relative frequency histogram, The total amount of protein produ...

The total amount of protein produced by a dairy cow can be estimated from periodic testing of her milk.  The following are the total annual protein production values (lb) for 28 tw

Clustered data, Clustered data : The term applied to both the data in whic...

Clustered data : The term applied to both the data in which the sampling units are grouped into the clusters sharing some common feature, for instance families or geographical reg

Procrustes analysis, Procrustes analysis is a technique of comparing the a...

Procrustes analysis is a technique of comparing the alternative geometrical representations of a group of multivariate data or of the proximity matrix, for instance, two competing

Excel, Software which started out as the spreadsheet targeting at manipulat...

Software which started out as the spreadsheet targeting at manipulating the tables of number for financial analysis, which has now developed into a more flexible package for workin

Hypothesis testing and chi-square tests.., The results of a survey determin...

The results of a survey determined whether the age of a driver 21 years and older has any effect on the number of motor vehicle accidents in which he/she is involved. Question 1:

Doob meyer decomposition, A theorem which shows that any counting process m...

A theorem which shows that any counting process may be uniquely decomposed as the sum of a martingale and a predictable, right-continous process called the compensator, assuming ce

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd