Question

In: Statistics and Probability

Note that the mean is lower than the median. What other output of your statistical analysis...

Note that the mean is lower than the median. What other output of your statistical analysis can help to explain this? What does this output tell you?

Solutions

Expert Solution

Here we are given that the mean is lower than the median. We have to tell, What other output of our statistical analysis can help to explain this.

And What does this output tell us.

ANSWER:- Since, we are already given that Mean is lower than the Median.

The Statistical Analysis output which can help us to explain this is

1. Our Graph... The graph shows a Negatively Skewed nature. And we know that when the Mean < Median then our data is Negatively Skewed.

2. Coefficient of Skewness... We know that Karl Pearson's Coefficient of Skewness lies between -3 to 3.

If the data is symmetric, the coefficient of Skewness is 0.

Hence, if we get the Karl Pearson's Coefficient of Skewness, Skp < 0 then it tells us that Mean is lower than the Median.

This output tells us about the Distribution of our data. It tells us about the spread of our data. Once we get the information about relationship between Mean and Median then we get the idea about Skewness i.e. Measure of Assymetry.

Using that information we can get the idea about other properties of our data.

This answers your question.

If you understood the answer please rate Positively.


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