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

Harmonic mean, The Harmonic Mean is based on the reciprocals of numbers ave...

The Harmonic Mean is based on the reciprocals of numbers averaged. It is defined as the reciprocal of the arithmetic mean of the reciprocal of the given individual observations. Th

Regression analysis, Meaning and Definitions of Regression The dictiona...

Meaning and Definitions of Regression The dictionary meaning of regression is just opposite the meaning of progression. Progression means to move forward while regression means

Uncertain demand, Consider a Cournot duopoly with two firms (fi rm 1 and f...

Consider a Cournot duopoly with two firms (fi rm 1 and fi rm 2) operating in a market with linear inverse Demand P(Q) = x Q where Q is the sum of the quantities produced by both

Time series, Measurement of trend , least square method

Measurement of trend , least square method

QUARTILE DEVIATION, Examples of grouped, simple and frequency distribution ...

Examples of grouped, simple and frequency distribution data

Econometrics, The following data on calcium content of wheat are consistent...

The following data on calcium content of wheat are consistent with summary quantities that appeared in the article “Mineral Contents of Cereal Grains as Affected by Storage and Ins

Determine the regression equation, The file Midterm  Data.xls has a tab lab...

The file Midterm  Data.xls has a tab labeled "National Grid vs. Alcoa" which presents historical price data for two stocks.  Using the National Grid price as the X-value and the Al

Regression coefficient, Regression Coefficient While analysing regressi...

Regression Coefficient While analysing regression in two related series, we calculate their regression coefficients also. There are two regression coefficients like two regress

STATISTICS, Ask 3. Precision Manufacturing has a government contract to pro...

Ask 3. Precision Manufacturing has a government contract to produce stainless steel rods for use in military aircraft. Each rod is required to be 20 millimeters in diameter. Each

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