Skewness and kurtosis
Descriptive statistics · Mathematics
Study notes
Q: Incomes: 20, 25, 30, 35, 200 (thousands). Describe skewness. Mean = 310/5 = 62. Median = 30. Mean > median: right-skewed! The rich outlier 200 pulls the mean right. Most people earn near 20-35, but the tail stretches right.