Skewness

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The most commonly used tool to measure asymmetry is skewness. Skewness indicates whether the observations in a data set are concentrated on one side.

Why is skewness important? Skewness tells us a lot about where the data is situated. The mean, median and mode should be used together to get a good understanding of the dataset. Measures of asymmetry like skewness are the link between central tendency measures and probability theory, which ultimately allows us to get a more complete understanding of the data we are working with.

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