Answer to Question #160721 in Statistics and Probability for helena

Question

Q1. The sales volumes for the top real estate brokerage firms in the United States for a recent year were analysed using descriptive statistics. The mean annual dollar volume for these firms was $5.51 billion, the median was $3.19, and the standard deviation was $9.59 billion. Compute the value of the Pearsonian coefficient of skewness and discuss the meaning of it. Is the distribution skewed? If so, to what extent? If third moment about origin is $2327.53, determine first three moments about mean. 

Answer 1

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