Home » Eng Formulas » S » Skewness

Skewness

Skewness

In a distribution with positive skewness the median is below the mean, and with negative skewness the median is above the mean. For example, the empirical distribution of income across the population in both developed and less developed countries exhibits positive skewness: a large proportion of income accrues to a small proportion of the population.

Reference: Oxford Press Dictonary of Economics, 5th edt.