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GRAPHING DATA - Essay Example

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Summary to essay on topic "GRAPHING DATA"
It is said that a picture is worth a thousand words. Heeding that logic, one can identify the statistical data with ease using the different graphical methods of portraying them. This assignment uses four such devices,
It is said that even a kid can tell which portion is the largest/ longest/ tallest in a glance while a well trained economist can gauge the exact amount each business contributes with the help of percentages and formulae.
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Download file "GRAPHING DATA" to see previous pages... It clearly shows which which business is leading the pack just by looking at the rise and fall of the line. to see how things are going by the rises and falls a line graph shows.
(1) A box plot displays the five number data abstract of the business types. The middle value of a box plot is the median.
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The upper periphery suggests the 75th percentile of the data set and the lower periphery suggests the 25th percentile.
The Histogram looks almost bell shaped with its peak around the middle point and the two ends tapering of either way. A similartrend was observed in the business type data wherein there is a larger amount of concentration around number 3 which also happens to be the midpoint for five numbers. ...Download file "GRAPHING DATA" to see next pagesRead More
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