2 Tables Charts Review PDF
2 Tables Charts Review PDF
2 Tables Charts Review PDF
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-2
History of Graphical Development
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-3
“Graphical excellence
consists of the efficient
communication of complex
quantitative ideas.”
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-4
“At their best, graphics are
instruments for reasoning
about quantitative
information.”
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-5
Tabular and Graphical Procedures
Data
Qualitative Data Quantitative Data
Ty p es o f Dat a
Data
Data
Numerical
Numerical Categorical
Categorical
(Quantitativ
(Quantitative)
e) (Qualitativ
(Qualitative)
e)
Discrete
Discrete Continuous
Continuous
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-7
Tables and Charts for
Categorical Data
Categorical
Data
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-8
Tabular Presentation
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-9
Graphical Presentation
Compare series of data over time Area Chart, Line Chart, Column Chart
(stacked), High-Low Chart
Percentage of total comparisons Pie Chart, Donut Chart, Stacked Bar
or Column Chart
Relationship between two variables Scatter Plot
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-11
Different Types of Variables
A Quantitative Variable is naturally measured as a number for which
meaningful arithmetic operations make sense. Examples: Height, age,
crop yield, GPA, salary, temperature, area, air pollution index (measured in
parts per million), etc.
Categorical Variable is any variable that is not quantitative is categorical.
Categorical variables take a value that is one of several possible
categories. As naturally measured, categorical variables have no numerical
meaning. Examples: Hair color, gender, field of study, college attended,
political affiliation, status of disease infection.
An Ordinal Variable is a special type of categorical variable for which the
levels can be naturally ordered. The example above provides a good
illustration of an ordinal variable. Even if we ignore the numbers, we still
may order the responses. Awful is "worse than" Poor; Poor is worse than
OK; OK is worse than Good; Good is worse than Great. A natural ordering
exists for these categories. Contrast this with a categorical variable such
as hair color. There is no natural ordering for the various colors of hair.
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-12
Type of Graphs
Graphic Representation
Graph
Diagram
Tables Frequency
Polygons
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-13
Organizing Numerical Data
Numerical Data 41, 24, 32, 26, 27, 27, 30, 24, 38, 21
Frequency Distributions
Ordered Array
Cumulative Distributions
21, 24, 24, 26, 27, 27, 30, 32, 38, 41
2 144677
Stem and Leaf Histograms Ogive
3 028
Display
4 1
Tables Polygons
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-14
The Ordered Array
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-15
The Ordered Array
(continued)
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-16
Stem-and-Leaf Diagram
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-17
Example
Data in ordered array:
21, 24, 24, 26, 27, 27, 30, 32, 38, 41
41 is shown as 4 1
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-18
Example
(continued)
Data in ordered array:
21, 24, 24, 26, 27, 27, 30, 32, 38, 41
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-19
Using other stem units
Using the 100’s digit as the stem:
Round off the 10’s digit to form the leaves
Stem Leaf
613 would become 6 1
776 would become 7 8
...
1224 becomes 12 2
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-20
Using other stem units
(continued)
Frequency Distributions
Ordered Array O g ive
80
60
40
20
0
10 20 30 40 50 60
2 144677 Ogive
Stem and Leaf Histograms
3 028
Display 7
4 1 4
Tables Polygons
3
10 20 30 40 50 60
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-22
Graph Selection Guidelines
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-23
Line Graph
d. Ogive
- is used to graph cumulative frequencies (partial sums of
frequencies), eight cumulative upward (from lower classes
to upper class) or cumulative frequencies downward (from
upper classes to lower classes.
e. Band Chart
- is a form of line graph of the time series variety. It shows
the proportional variations of the components parts of a
whole over a period of time.
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-25
Time Series
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-26
Tabulating Numerical Data:
Frequency Distributions (continued)
Data in ordered array:
12, 13, 17, 21, 24, 24, 26, 27, 27, 30, 32, 35, 37, 38, 41, 43, 44, 46, 53, 58
Relative
Class Frequency Frequency Percentage
10 but under 20 3 .15 15
20 but under 30 6 .30 30
30 but under 40 5 .25 25
40 but under 50 4 .20 20
50 but under 60 2 .10 10
Total 20 1 100
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-27
Histogram
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-28
Graphing Numerical Data:
The Histogram
Data in ordered array:
12, 13, 17, 21, 24, 24, 26, 27, 27, 30, 32, 35, 37, 38, 41, 43, 44, 46, 53, 58
H is t o g r a m
7 6
6
Fr e q u e n c y
5
5 4
4 3
No Gaps
3 2 Between
2
Bars
1 0 0
0
5 15 25 36 45 55 M ore
Class Midpoints
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-29
Frequency Polygon
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-30
Graphing Numerical Data:
The Frequency Polygon
Data in ordered array:
12, 13, 17, 21, 24, 24, 26, 27, 27, 30, 32, 35, 37, 38, 41, 43, 44, 46, 53, 58
Frequenc y
4
3
5 15 25 36 45 55 M ore
Class Midpoints
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-31
Graphing Numerical Data:
The Frequency Polygon
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-32
Frequency Curve
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-33
Graphing Numerical Data:
The Frequency Curve
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-34
Tabulating Numerical Data:
Cumulative Frequency
Data in ordered array:
12, 13, 17, 21, 24, 24, 26, 27, 27, 30, 32, 35, 37, 38, 41, 43, 44, 46, 53, 58
Cumulative Cumulative
Class Frequency % Frequency
10 but under 20 3 15
20 but under 30 9 45
30 but under 40 14 70
40 but under 50 18 90
50 but under 60 20 100
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-35
Graphing Numerical Data:
The Ogive (Cumulative % Polygon)
Data in ordered array:
12, 13, 17, 21, 24, 24, 26, 27, 27, 30, 32, 35, 37, 38, 41, 43, 44, 46, 53, 58
O g iv e
1 2 0
1 0 0
8 0
6 0
4 0
2 0
1 0 2 0 3 0 4 0 5 0 6 0
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-37
Tabulating and Graphing Categorical Data:
Univariate Data
Categorical Data
Graphing Data
Tabulating Data
The Summary Table
Pie Charts
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-38
The Summary Table
Summarize data by category
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-39
Bar and Pie Charts
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-40
Bar Chart Example
Current Investment Portfolio
Investment Amount Percentage
Type (in thousands $) (%)
0 10 20 30 40 50
Amount in $1000's
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-41
Pie Chart Example
Current Investment Portfolio
Investment Amount Percentage
Type (in thousands $) (%)
Percentages
are rounded to
Bonds the nearest
29% percent
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-42
Pareto Diagram
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-43
Pareto Diagram Example
Current Investment Portfolio
45% 100%
40% 90%
% invested in each category
80%
cumulative % invested
35%
70%
30%
(bar graph)
(line graph)
60%
25%
50%
20%
40%
15%
30%
10%
20%
5% 10%
0% 0%
Stocks Bonds Savings CD
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-44
Tabulating Numerical Data:
Frequency Distributions
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-45
Why Use a Frequency Distribution?
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-46
Class Limits and Class Interval
Each class limit or grouping (k) has the same
width
Number of classes (k) = 1 + 3.322 log N
Or Number of classes is usually set at least 5
but no more than 15 groupings
Determine the width of each interval by
range
Width of interval
number of desired class groupings
Round up the interval width to get desirable
endpoints
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-47
Class Boundary and Class Mark
Class boundaries never overlap; The boundaries
have one or more decimal place than the raw
data and therefore do not appear in the data.
There is no gap between the upper boundary of
one class and the lower boundary of the next
class. The lower boundary is found by
subtracting 0.5 units from the lower class limit
and the upper class boundary is found by adding
0.5 units to the upper class.
Class Mark is the number in the middle of the
class.
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-48
Frequency Distribution Example
24, 35, 17, 21, 24, 37, 26, 46, 58, 30,
32, 13, 12, 38, 41, 43, 44, 27, 53, 27
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-49
Frequency Distribution Example
(continued)
Find range: 58 - 12 = 46
Select number of classes: 5 (usually between 5 and 15)
Compute class interval (width): 10 (46/5 then round up)
Determine class boundaries (limits): 10, 20, 30, 40, 50, 60
Compute class midpoints: 15, 25, 35, 45, 55
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-50
Frequency Distribution Example
(continued)
Data in ordered array:
12, 13, 17, 21, 24, 24, 26, 27, 27, 30, 32, 35, 37, 38, 41, 43, 44, 46, 53, 58
Relative
Class Frequency Percentage
Frequency
10 but less than 20 3 .15 15
20 but less than 30 6 .30 30
30 but less than 40 5 .25 25
40 but less than 50 4 .20 20
50 but less than 60 2 .10 10
Total 20 1.00 100
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-51
Tabulating Numerical Data:
Cumulative Frequency
Data in ordered array:
12, 13, 17, 21, 24, 24, 26, 27, 27, 30, 32, 35, 37, 38, 41, 43, 44, 46, 53, 58
Cumulative Cumulative
Class Frequency Percentage
Frequency Percentage
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-52
Graphing Numerical Data:
The Histogram
Class
Class Midpoint Frequency
10 but less than 20 15 3 Histogram : Daily High Tem perature
20 but less than 30 25 6
30 but less than 40 35 5 7
40 but less than 50 45 4
50 but less than 60 55 2
6
5
Frequency
4
3
2
(No gaps 1
between 0
bars)
5 15 25 35 45 55 65
Class Midpoints
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-54
Graphing Numerical Data:
The Frequency Polygon
Class
Class Midpoint Frequency
10 but less than 20 15 3
20 but less than 30 25 6
30 but less than 40 35 5 Frequency Polygon: Daily High Temperature
40 but less than 50 45 4
7
50 but less than 60 55 2
6
5
Frequency
4
3
2
(In a percentage 1
polygon the vertical axis 0
would be defined to 5 15 25 35 45 55 65
show the percentage of
observations per class) Class Midpoints
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-55
Graphing Cumulative Frequencies:
The Ogive (Cumulative % Polygon)
Lower
class Cumulative
Class boundary Percentage
Less than 10 0 0
10 but less than 20 10 15
20 but less than 30 20 45 Ogive: Daily High Temperature
30 but less than 40 30 70
40 but less than 50 40 90 100
Cumulative Percentage
50 but less than 60 50 100
80
60
40
20
0
10 20 30 40 50 60
Class Boundaries (Not Midpoints)
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-56
Tabulating and Graphing
Multivariate Categorical Data
Contingency Table for Investment Choices ($1000’s)
Investment Investor A Investor B Investor C Total
Category
Stocks 46.5 55 27.5 129
Bonds 32.0 44 19.0 95
CD 15.5 20 13.5 49
Savings 16.0 28 7.0 51
Total 110.0 147 67.0 324
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-57
Tabulating and Graphing
Multivariate Categorical Data
(continued)
S a vin g s
CD
B onds
S toc k s
0 10 20 30 40 50 60
In ve s t o r A In ve s t o r B In ve s t o r C
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-58
Side-by-Side Chart Example
Sales by quarter for three sales territories:
1st Qtr 2nd Qtr 3rd Qtr 4th Qtr
East 20.4 27.4 59 20.4
West 30.6 38.6 34.6 31.6
North 45.9 46.9 45 43.9
60
50
40
East
30 West
North
20
10
0
1st Qtr 2nd Qtr 3rd Qtr 4th Qtr
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-59
Scatter Diagrams
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-60
Scatter Diagrams
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-61
Scatter Diagram Example
26 140 200
Cost per Day
29 151 150
33 160
100
38 167
50
41 185
0
42 170
0 10 20 30 40 50 60 70
50 188 Volume per Day
55 195
60 200
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-62
Time Series Plot
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-65
Pictographs
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-66
Pictographs
Percentage Number of Disabilities Due to Stroke
(2001-2005) at TGMC
48%
40%
37%
34%
30%
23%
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-67
Statistical Maps
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-68
Statistical Maps
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-69
Misusing Graphs and Ethical Issues
graph
The vertical axis scale should begin at zero
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-70
Summary
Data in raw form are usually not easy to use for
decision making -- Some type of organization is
needed:
Table Graph
Techniques reviewed in this handout:
Bar charts, pie charts, and Pareto diagrams
Ordered array and stem-and-leaf display
Frequency distributions, histograms and polygons
Cumulative distributions and ogives
Contingency tables and side-by-side bar charts
Scatter diagrams and time series plots
Business Statistics, A First Course (4e) © 2006 Prentice-Hall, Inc. Chap 2-71