Skewed Distribution
Definition
A skewed distribution is a type of probability distribution where the data is not evenly distributed around the mean. It occurs when one tail of the distribution has more extreme values than the other.
Analogy
Imagine a group of friends who are sharing their weekly allowance. If one friend receives a significantly larger amount compared to others, it creates a skewed distribution of wealth within the group.
Related terms
Outliers: Data points that are significantly different from other observations in a dataset.
Median: The middle value in an ordered set of data, separating it into two equal halves.
Symmetry: A property of distributions where both sides are mirror images of each other.
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