Skewness is a critical concept in statistics that helps us understand the asymmetry in data distribution. When data is skewed, it means the bulk of data values lie on one side of the mean more than the other.
There are two types of skewness:
- **Positive skew (right skew)**: The tail on the right side is longer or fatter than the left side. This means most data points cluster at the lower end.
- **Negative skew (left skew)**: The tail on the left side is longer or fatter than the right side, indicating that most data points cluster at the higher end.
To determine skewness in a dataset, one method is to compare the mean and median. If the mean is greater than the median, expect a right skew. If the mean is less than the median, expect a left skew.
In the gourmet hams example, the mean is 6 pounds, and the median is 6.2 pounds. Because the median exceeds the mean, we suspect a slight left skew. Observing the quartiles further supports this, where the lower quartile is closer to the median, implying a concentration of higher values skewing leftward.
Overall, identifying skewness can provide deeper insights into data characteristics, beyond central tendencies, helping in more effective data analysis and decision-making.