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Explain the term skewness. What purpose does a measure of skewness serve

Explain the term skewness. What purpose does a measure of skewness serve Explain the term skewness. What purpose does a measure of skewness serve? Distinguish between Karl Pearson\’s and Bowley\’s measure of skewness. Which one of these would you prefer and why? discussion and two responses Requirements: 250-300 words Response_d Answer preview to  explain the … Read more

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Probability is used constantly in our lives.

Probability is used constantly in our lives. Probability is used constantly in our lives. We rarely actually use numbers in our daily calculations but probability still controls much of our daily interactions. Some examples: 1. My wife is always late. I would estimate that she is late perhaps 95% of the time. Based on this, … Read more

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