Economics · Statistical Measures
Which of the following statements regarding statistical distributions and skewness is incorrect?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1When the distribution spreads out further over the left-hand side it is asymmetrical, whereas if it spreads out over the right-hand side it is symmetrical.✓
- 2When the value of the mode is greater than the mean, the distribution is negatively skewed.
- 3Bowley's measure of skewness, because of its computational basis, is limited to values between -1 and +1.
- 4When a distribution is symmetrical, the coefficient of skewness will be zero.
Correct answer
When the distribution spreads out further over the left-hand side it is asymmetrical, whereas if it spreads out over the right-hand side it is symmetrical.
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