![]() ![]() But why is there a skew? We see that the median of the distribution will be around $60,000, so it is larger than the mean and the mode of the distribution will be between $60,000 and $70,000, thus creating the skew we observe above. ![]() In the above example, there is clearly some negative skew with a thicker left tail of the distribution. What we also notice is that the data is not normally distributed around the mean, therefore having some type of skew. Looking at Canadian distribution of income in 2019, we can see that the average income is somewhere between $40,000-$50,000 approximately from the above graph. Here is an example: Find more statistics at Statista For example, something that people often search online is salary distribution in a particular country of interest. Skewness is something we observe in many areas of our daily lives. ![]()
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