Karl Pearson developed a measure that describes the skewness of a distribution, called the coefficient of skewness. The formula is Skewness = 3 (mean-median)/standard deviation. The value of this measure generally lies between -3 and +3. The closer the value lies to -3, the more the distribution is skewed left. The closer the value lies to +3, the more the distribution is skewed right. A value close to 0 indicates a symmetric distribution. Find the coefficient of skewness of the following distributions and comment on the skewness. Mean = 400, median = 500, standard deviation = 120

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Karl Pearson developed a measure that describes the skewness of a distribution, called the coefficient of skewness. The formula is Skewness = 3 (mean-median)/standard deviation.

The value of this measure generally lies between -3 and +3. The closer the value lies to -3, the more the distribution is skewed left. The closer the value lies to +3, the more the distribution is skewed right. A value close to 0 indicates a symmetric distribution. Find the coefficient of skewness of the following distributions and comment on the skewness.

Mean = 400, median = 500, standard deviation = 120

Expert Solution
Step 1

Given that 

Mean = 400, median = 500, standard deviation = 120

The formula is

Skewness = 3 (mean-median)/standard deviation.

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