This lesson is free - just sign in to access it.
This lesson is a part of the course Statistical Concepts and Market Returns
The skewness of a distribution can have an impact on the location of mean, median and mode.
The relative locations of these measures on symmetric, negatively skewed, and positively skewed distributions are shown below. We have assumed a unimodal distribution, i.e., it has only one mode.
Mode = Median = Mean