Skewness, Applied Statistics

Assignment Help:

Skewness

Meaning and Definition

 Literal meaning of skewness is lack of symmetry; it is a numerical measure which reveals asymmetry of a statistical series.

According to Paden and Lindquist, a distribution is said to be skewed if it is lacking in symmetry that is if the measure tend to pile up at one end or the other of the range to measure.

In the words of Simpson  & Kafka skewness or asymmetry is the attribute  of frequency distribution  that extends further on one side of the class   with the highest frequency that on the other.

Morris Hum burg   says skewness refers to the asymmetry or lack of symmetry in the shape of a frequency distribution. This characteristic is of particular importance in connection with judging the typicality of certain measured of central tendency.

Similarly croxton and Cowden   define it, when a series is not symmetrical. It is said to be asymmetrical or skewed.

Thus any measure of skewness indicates the difference between the manners in which items are scattered in a particular distribution compared with a normal distribution. There a may be two distributions having the same mean and the same standard deviation still their shapes may be quite different. One may be symmetrical and other may be asymmetrical.

Thus it is clear that the word skewness refers. To lack of symmetry, if a distribution is normal there would be no skewness in it, the curve drawn from the distribution would be symmetrical would be symmetrical .In case of skewness distribution the curve drawn would be tilted either to the left or towards the right.


Related Discussions:- Skewness

Liner programming , Solve the following Linear Programming Problem using S...

Solve the following Linear Programming Problem using Simple method. Maximize Z= 3x1 + 2X2 Subject to the constraints: X1+ X2 = 4 X1 - X2 = 2 X1, X2 = 0

Distribution of sample means, 1. Use the concepts of sampling error and z-s...

1. Use the concepts of sampling error and z-scores to explain the concept of distribution of sample means. 2. Describe the distribution of sample means shape for samples of n=36

Statistics, Theories of Business forecasting

Theories of Business forecasting

Index number, give a elementary example for characterstics of index number

give a elementary example for characterstics of index number

Significance of correlation, Significance of Correlation The study of c...

Significance of Correlation The study of correlation is of immense use in practical life. Correlation analysis contributes to the understanding of economic behavior, aids in lo

Mean absolute deviation, Mean Absolute Deviation To avoid the problem o...

Mean Absolute Deviation To avoid the problem of positive and negative deviations canceling out each other, we can use the Mean Absolute Deviation which is given by

Confidence interval, for this proportion, use the +-2 rule of thumb to dete...

for this proportion, use the +-2 rule of thumb to determine the 95 percent confidence interval. when asked if they are satisfied with their financial situation, .29 said "very sat

Collaboration policy,  Each question, by default, should be solved INDIVID...

 Each question, by default, should be solved INDIVIDUALLY, unless marked as \collaborative". Questions marked as \collaborative" implies that for those questions you are encourage

Regression Analysis, Question 3 25 marks Your employer, Quick Hit Agency ...

Question 3 25 marks Your employer, Quick Hit Agency (QHA), is a debt collections agency. The company specializes in collecting small accounts. QHA does not deal in large accounts

Types of business forecasting , Types  of business forecasting  are genera...

Types  of business forecasting  are generally as follows: 1.      Sales  and Demand  forecasts 2.      Porduction  forecasts. 3.       Cost  Forecasts 4.       Financi

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