Question 21
Tools of Economic AnalysisA distribution is said to be positively skewed if it
- A.has a long tail to the left
- B.has a long tail to the right
- C.is bimodal
- D.is bell-shaped
Show the answer and explanation
Answer: B (has a long tail to the right)
Explanation
A positively skewed distribution has most values bunched on the left and a long tail stretching to the right.