Irue or Faise. You should round Peanon\'s Coefficient of Skewness to 3 decimal p

Question

Irue or Faise. You should round Peanon's Coefficient of Skewness to 3 decimal places before using it to decide to QUESTION 9 rou are asked to describe the relationship between list price and dealer inwoice price. Which of the following should you state O a Postive or Negative O b Cente O as y increoses Shope Spreod Strength of the relationship (Strong. Moderately Strong. Modenate. Weok) Drection of the relationship (Positive or Negativel Whether the relationship is inear or noninear O d Center Shape

Explanation / Answer

ANSWER 08:-

Pearson mode skewness uses the above facts to help you find out if you have positive or negative skewness. If you have a distribution and you know the mean, mode, and standard deviation (), then the Pearson mode skewness formula is:

(mean-mode)/

Sample problem: You have data with a mean of 19, a mode of 20 and a standard deviation of 25. What does Pearson Mode Skewness tell you about the distribution?
(mean-mode)/ = (19-20)/25 = -0.04.
There is a very slight negative skewness (-0.04). Note: For most intents and purposes, this would count as a symmetric distribution as the skewness is so small.

so FINALLY ANSWERED IS

TRUE

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