The School of Economics and Business

Statistics in Economics and Management

Exercise 3

Content of the exercises for the course Statistics in Economics and Management
III week

The measures of distribution shape

Example 1:
For 50 machines for cutting wood in one furniture factory, we recroded the number of incorrectly
cut pieces of wood in one day:
Number of incorrectly
cut pieces of wood
1
2
3
4
5
6

Number of
machines
4
16
12
9
6
3

Calculate and explain:

a) the average number of incorrectly cut pieces of wood
b) standard deviation
c) the measures of skewness and of kurtosis.
Example 2:
Determine the arithmetic mean, standard deviation and the measures of skewness and kurtosis
for the variable - length of service for 40 workers in one enterprise:
Length of service
(years)
0-10
10-20
20-30
30-40

Number of
workers
8
16
10
6

Example 3:
For the variable, the following parameters are known: X = 118,8
Find an appropriate measure of skewness.

M e = 123

2 = 25 .