Explain the term 'skewness'. What purpose does a measure of skewness serve? Distinguish between Karl Pearson's and Bowley's measure of skewness. Which one of these would you prefer and why?
Sample Solution
Explain the term 'skewness'. What purpose does a measure of skewness serve? Distinguish between Karl Pearson's and Bowley's measure of skewness. Which one of these would you prefer and why?
Sample Solution