Question

In: Math

Using both the skew and kurtosis statistics and histograms, determine if there is a significant skew...

Using both the skew and kurtosis statistics and histograms, determine if there is a significant skew and/or kurtosis for the variables that are appropriate for this analysis. Are they negatively or positively skewed? Justify your answers.

Descriptive Statistics

N

Minimum

Maximum

Mean

Std. Deviation

Skewness

Kurtosis

Statistic

Statistic

Statistic

Statistic

Statistic

Statistic

Std. Error

Statistic

Std. Error

Sex

101

1

4

1.55

.591

.822

.240

1.347

.476

Age

101

24

64

41.92

7.951

.081

.240

-.240

.476

YearsSick

101

2

35

16.64

7.641

.277

.240

-.432

.476

Marital Status

100

1

8

1.49

1.020

3.321

.241

16.174

.478

Valid N (listwise)

100

Solutions

Expert Solution

For a normal distribution, the skewness value is in the range of (-2, 2) and kurtosis is in the range of (-3, 3).

The variable sex measured by the nominal scale of measurement. For categorical variables, frequency distribution along with a pie chart or bar chart is the best reviews and ratings for the data. With skewness and kurtosis value near 0, I can say that the distribution of sex is approximately normally distributed.

The variable age is set to be approximately normally distributed. This is because the skewness value is in the range of (-2, 2) and kurtosis is in the range of (-3, 3). The corresponding histogram for age is said to follow an approximately normal distribution.

The variable years sick is also set to follow a normal distribution. This is because the skewness value is in the range of (-2, 2) and kurtosis is in the range of (-3, 3). Hence the corresponding histogram is expected to be bell-shaped.

This skewness value for the marital status is greater than 3 with Skew = 3.3 indicating that its distribution is positively skewed. The value of kurtosis for marital status is 16.17 indicating that the distribution of marital status is leptokurtic. Hence I can say that the distribution of marital status is not normally distributed, but skewed to the right. A histogram of marital status is expected to have a tail towards the right.


Related Solutions

Determine whether the following two lines are parallel, intersecting, or skew. If they are skew, find...
Determine whether the following two lines are parallel, intersecting, or skew. If they are skew, find the distance between them L1 : x = 3 + 2t, y = 4 − 3t, z = −1 − 4t and L2 : 1 + 2s, y = 2 + s, z = 3 + 2s
Determine whether the following two lines are parallel, intersecting, or skew. If they are skew, find...
Determine whether the following two lines are parallel, intersecting, or skew. If they are skew, find the distance between them L1 : x = 3 + 2t, y = 4 − 3t, z = −1 − 4t and L2 : 1 + 2s, y = 2 + s, z = 3 + 2s
Find the Z value form both Skewness and Kurtosis, respectively. Then decide on normality based on...
Find the Z value form both Skewness and Kurtosis, respectively. Then decide on normality based on 5% significance level Kurtosis -0.58587 Skewness -0.13581, N=100
Using the above data, determine GDP by both the expenditures and the income approaches. Then determine...
Using the above data, determine GDP by both the expenditures and the income approaches. Then determine NDP. Now determine NI in two ways: first, by making the required additions or subtractions from NDP; and second, by adding up the types of income and taxes that make up NI. Adjust NI (from part b) as required to obtain PI. Adjust PI (from part c) as required to obtain DI
determine whether the difference in the variance values is significant at 95 % confidence level using...
determine whether the difference in the variance values is significant at 95 % confidence level using suitable test.
Using the data, find the sample skewness and excess kurtosis of Michelson data on the speed...
Using the data, find the sample skewness and excess kurtosis of Michelson data on the speed of light (light.txt). Is this data set nrmally distribuited, based on this normal probability plot? 850 740 900 1070 930 850 950 980 980 880 1000 980 930 650 760 810 1000 1000 960 960 960 940 960 940 880 800 850 880 900 840 830 790 810 88 880 830 800 790 760 800 880 880 880 860 720 720 620 800 970...
Using the scores of 30 students on a statistics test determine the range. 75 52 80...
Using the scores of 30 students on a statistics test determine the range. 75 52 80 96 65 79 71 87 93 95 69 72 81 61 76 86 79 68 50 92 83 84 77 64 71 87 72 92 57 98
Volatility skew/smile and gamma are both volatility-oriented strategies. Compare and contrast the two trading strategies.
Volatility skew/smile and gamma are both volatility-oriented strategies. Compare and contrast the two trading strategies.
Generate 200 random numbers using each of the following continuous distributions and plot the histograms (a)...
Generate 200 random numbers using each of the following continuous distributions and plot the histograms (a) Uniform (use A = 3 and B = 7) (b) Exponential (use population mean = 0.2) (c) Gamma (use parameters 3 and 2) (d) Normal (use µ = 2 and σ = 5) Attach the histogram plots and reflect on what you observe. Hint: Use RAND() to generate uniform random numbers and use inverse CDF to generate random numbers for each distribution.
How are Histograms and Pareto Charts in Excel created? Give an example using sample dataset.
How are Histograms and Pareto Charts in Excel created? Give an example using sample dataset.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT