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Business Statistics Day4
Business Statistics Day4
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Measure of Distribution Shape
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Skewness
• Measure of distortion
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Skewness
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Skewness
• If skewness is less than −1 or greater than +1, the distribution is highly
skewed.
• If skewness is between −1 and −½ or between +½ and +1, the
distribution is moderately skewed.
• If skewness is between −½ and +½, the distribution is approximately
symmetric.
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Exercise
• Calculate skewness for following sample:
2, 5, -1, 3, 4, 5, 0, 2
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Exercise
• Calculate skewness of likes received on your Facebook posts. Below is
the list of no. of likes received on your sample of 5 posts:
4, 9, 5, 8,1
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Kurtosis
• Measure of outliers
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Kurtosis
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Kurtosis
• If kurtosis < -3 : Platykurtic
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Exercise
• Calculate kurtosis for following sample:
2, 5, -1, 3, 4, 5, 0, 2
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Exercise
• Calculate kurtosis of likes received on your Facebook posts. Below is
the list of no. of likes received on your sample of 5 posts:
4, 9, 5, 8,1
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Chebyshev’s Theorem
• At least 1−(1/k2) of the data lie within k standard deviations of the
mean
where k is any positive whole number that is greater than 1 .
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Example
• A distribution has a mean of 4.99 and a standard deviation of 3.13.
Use the Chebyshev’s theorem to find the proportion of observations
and range you would expect to find within two standard deviations
from the mean:
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Thank You !
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