Skewness

Most often, the median is used as a measure of central tendency when data sets are skewed. The metric that indicates the degree of asymmetry is called, simply, skewness. Skewness often results in situations when a natural boundary is present. Normal distributions will have a skewness value of approximately zero. Right-skewed distributions will have a positive skewness value; left-skewed distributions will have a negative skewness value. Typically, the skewness value will range from negative 3 to positive 3. Two examples of skewed data sets are salaries within an organization and monthly prices of homes for sale in a particular area.