Calculating central tendency, dispersion, and skewness.
I can figure out the mean and the median, but I am very unclear as to what or how I am supposed to figure out the Pearson's method. Can someone help me?
106. Listed below are the salaries for the New York Yankees for the year 2000. The salary information
is reported in millions of dollars.
$9.86 $9.50 $8.25 $6.25 $6.00 $5.95
5.25 5.00 4.33 4.30 4.25 3.40
3.13 2.02 2.00 1.90 1.85 1.82
0.80 0.38 0.35 0.35 0.20 0.20
0.20 0.20 0.20 0.20 0.20
a. Determine the mean, median, and the standard deviation.
Mean - $3.04 Median - $2.00 Standard Deviation - $8.77
b. Determine the coefficient of skewness using Pearson's method.
c. Determine the coefficient of skewness using the software method.
The solution provides step by step method for the calculation of descriptive Statistics. Formula for the calculation and Interpretations of the results are also included.
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- Attached file(s):
- Skewnes.doc
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