Question: Rephrase the following statement: One variable that is likely to be positively skewed is income. This is because there are typically more people with lower
Rephrase the following statement: One variable that is likely to be positively skewed is income. This is because there are typically more people with lower incomes than with higher incomes, leading to a longer tail on the right side of the distribution. For example, in many countries, the median income is lower than the mean income, indicating that there are more people with lower incomes that pull the distribution to the left. Additionally, high-income earners can skew the distribution even more as they are fewer in number but can have much higher incomes. A sketch of a positively skewed distribution of income would show a long tail to the right side of the peak, with most people earning less than the mean or median income and a few individuals earning much more
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