Based on the histogram above, describe the distribution of Discounts. What do yo

Question

Based on the histogram above, describe the distribution of Discounts. What do you think might account for this particular shape of the histogram? Hint: think of the number of modes and where is / are the mode(s).

Distributions Discount Quantiles 100.0% maximum 99.5% 975% 90.0% 75.0% quartile 50.0% median 25.0% quartile 10.0% 2.5% 0.5% 0.0% minimum Summary Statistics 2520 Mean 2520 Std Dev 1266.81 537.35782 53.735782 1373.4334 1160.1866 100 288753.43 131 2520 1327.5 1538 2389 2263.175 Std Err Mearn 1966 1673.5 1327.5 N Upper 95% Mean Lower 95% Mean 15 817.75 Variance 564.5 Minimum 266.175 Maximum 131 Median 131 Mode Range 0 500 1000 1500 2000 2500 3000

Explanation / Answer

Answer:

Since the mode is greater than mean and median, the distribution of discounts is negatively skewed or skewed to the left. The discounts are greater are on the higher side of the scale and there are very few on lower scale.

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