lecture 8 - understand and interpreting data
TRANSCRIPT
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8/9/2019 Lecture 8 - Understand and Interpreting Data
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o Beyond simple counting/tallying, it isalso useful to know the relativefrequency
= The proportion of data valuesthat fall into a particular a class
= C lass frequency / Total y H istograms and Relative- Frequency H istograms
o The interval and ratio data are often presented as either ahistogram or relative-frequency histogram
o D isplays the data from a frequency tableo Each bar represents a classo The width of the bar is the class widtho H owever, the classes do not have to be the same sizeo Shapes of histograms:
y Pie and Bar G raphso Frequency Tables can be easily converted into either a pie
or bar grapho Bar graph:
C an be either vertical or horizontal
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C ustomary to arrange the bars in increasingmagnitude for a vertical bar graph for nominal data
o Pareto C hart A bar graph for which each bar height gives the
frequency of a event A rranged left to right according to decreasing
height It includes a line graph displaying cumulative
percentages
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Exce l
abl e pl ar eto C ar ts
o Pi e Grap s Re q ir es a ition al c al cu la tions in o r e r to
ete r ine a ng les of the p ie w edges
Fi is the fr e q uency of the c a tego r y i o Tim e- Se r ies Grap h
Fo r te m p o ral d a ta sa m pl ed a t r egu lar inte rval s O ften used in fin a nc ial m a tte r s A lwa ys a l ine g rap h