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← Skewed Distribution - Intro to Descriptive Statistics

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Showing Revision 3 created 05/24/2016 by Udacity Robot.

  1. >> This distribution is not symmetrical, it's skewed, >> With most incomes
  2. falling toward the left of the distribution. >> The most common household income
  3. is here, which is less than $25,000 per year. >> We can also say that most
  4. households make less than 100,000. >> If you see here, it says 95% of households
  5. make less than 166,000, and 80% of households make less than 91,705. >> So,
  6. somewhere between 80% and 95% of households make less than $100,000, which is
  7. most of them. >> We cannot say, though, that no households have an income
  8. greater than $250,000. >> 98% have less than $250,000, which must mean that 2%
  9. of households have an income greater than $250,000.