Statistics for Managers using Microsoft Excel 3rd...
Transcript of Statistics for Managers using Microsoft Excel 3rd...
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© 2002 Prentice-Hall, Inc. Chap 2-1
Statistics for Managers using Microsoft Excel
3rd Edition
Chapter 2
Presenting Data in
Tables and Charts
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Chap 2-2
Chapter Topics
Organizing numerical data
The ordered array and stem-leaf display
Tabulating and graphing Univariate numerical
data
Frequency distributions: tables, histograms,
polygons
Cumulative distributions: tables, the Ogive
Graphing Bivariate numerical data
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Chap 2-3
Chapter Topics Tabulating and graphing Univariate
categorical data
The summary table
Bar and pie charts, the Pareto diagram
Tabulating and graphing Bivariate categorical
data
Contingency tables
Side by side bar charts
Graphical excellence and common errors in
presenting data
(continued)
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Chap 2-4
Organizing Numerical Data
Numerical Data
Ordered Array
Stem and Leaf
Display
Frequency Distributions
Cumulative Distributions
Histograms
Polygons
Ogive
Tables
2 144677
3 028
4 1
41, 24, 32, 26, 27, 27, 30, 24, 38, 21
21, 24, 24, 26, 27, 27, 30, 32, 38, 41
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Chap 2-5
Data in raw form (as collected):
24, 26, 24, 21, 27, 27, 30, 41, 32, 38
Data in ordered array from smallest to largest: 21, 24, 24, 26, 27, 27, 30, 32, 38, 41
Stem-and-leaf display:
Organizing Numerical Data (continued)
2 144677
3 028
4 1
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Chap 2-6
Tabulating and Graphing
Numerical Data
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1
2
3
4
5
6
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1 0 2 0 3 0 4 0 5 0 6 0
Numerical Data
Ordered Array
Stem and Leaf
Display
Histograms Ogive
Tables
2 144677
3 028
4 1
41, 24, 32, 26, 27, 27, 30, 24, 38, 21
21, 24, 24, 26, 27, 27, 30, 32, 38, 41
Frequency Distributions
Cumulative Distributions
Polygons
Ogive
0
2 0
4 0
6 0
8 0
1 0 0
1 2 0
1 0 2 0 3 0 4 0 5 0 6 0
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Chap 2-7
Tabulating Numerical Data:
Frequency Distributions
Sort raw data in ascending order: 12, 13, 17, 21, 24, 24, 26, 27, 27, 30, 32, 35, 37, 38, 41, 43, 44, 46, 53, 58
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
Count observations & assign to classes
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Chap 2-8
Frequency Distributions, Relative Frequency
Distributions and Percentage Distributions
Class Frequency
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
Relative
Frequency Percentage
Data in ordered array:
12, 13, 17, 21, 24, 24, 26, 27, 27, 30, 32, 35, 37, 38, 41, 43, 44, 46, 53, 58
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Chap 2-9
Graphing Numerical Data:
The Histogram
Histogram
0
3
6
5
4
2
0
0
1
2
3
4
5
6
7
5 15 25 36 45 55 More
Fre
qu
en
cy
Data in ordered array:
12, 13, 17, 21, 24, 24, 26, 27, 27, 30, 32, 35, 37, 38, 41, 43, 44, 46, 53, 58
No Gaps
Between
Bars
Class Midpoints Class Boundaries
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Chap 2-10
Graphing Numerical Data:
The Frequency Polygon
F r e q u e n c y
0
1
2
3
4
5
6
7
5 1 5 2 5 3 6 4 5 5 5 M o r e
Class Midpoints
Data in ordered array:
12, 13, 17, 21, 24, 24, 26, 27, 27, 30, 32, 35, 37, 38, 41, 43, 44, 46, 53, 58
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Chap 2-11
Tabulating Numerical Data:
Cumulative Frequency
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
Data in ordered array:
12, 13, 17, 21, 24, 24, 26, 27, 27, 30, 32, 35, 37, 38, 41, 43, 44, 46, 53, 58
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Chap 2-12
Graphing Numerical Data:
The Ogive (Cumulative % Polygon)
Ogive
0
20
40
60
80
100
10 20 30 40 50 60
Class Boundaries (Not Midpoints)
Data in ordered array:
12, 13, 17, 21, 24, 24, 26, 27, 27, 30, 32, 35, 37, 38, 41, 43, 44, 46, 53, 58
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Chap 2-13
Graphing Bivariate Numerical Data (Scatter Plot)
Mutual Funds Scatter Plot
0
10
20
30
40
0 10 20 30 40
Net Asset Values
To
tal
Year
to
Date
Retu
rn
(%)
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Chap 2-14
Tabulating and Graphing
Categorical Data:Univariate Data
Categorical Data
Tabulating Data
The Summary Table
Graphing Data
Pie Charts
Pareto Diagram Bar Charts
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Chap 2-15
Summary Table (for an Investor’s Portfolio)
Investment Category Amount Percentage (in thousands $) Stocks 46.5 42.27 Bonds 32 29.09 CD 15.5 14.09 Savings 16 14.55 Total 110 100
Variables are Categorical
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Chap 2-16
Graphing Categorical Data:
Univariate Data
Categorical Data
Tabulating Data
The Summary Table
0 1 0 2 0 3 0 4 0 5 0
S to c k s
B o n d s
S a vin g s
C D
Graphing Data
Pie Charts
Pareto Diagram Bar Charts
0
5
1 0
1 5
2 0
2 5
3 0
3 5
4 0
4 5
S to c k s B o n d s S a vin g s C D
0
2 0
4 0
6 0
8 0
1 0 0
1 2 0
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Chap 2-17
Bar Chart (for an Investor’s Portfolio)
Investor's Portfolio
0 10 20 30 40 50
Stocks
Bonds
CD
Savings
Amount in K$
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Chap 2-18
Pie Chart
(for an Investor’s Portfolio)
Percentages are
rounded to the
nearest percent.
Amount Invested in K$
Savings
15%
CD
14%
Bonds
29%
Stocks
42%
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Chap 2-19
Pareto Diagram
Axis for line
graph
shows
cumulative
% invested
Axis for
bar
chart
shows
%
invested
in each
category
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
Stocks Bonds Savings CD
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
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Chap 2-20
Tabulating and Graphing
Bivariate Categorical Data
Contingency tables: investment in thousands of dollars
Investment Investor A Investor B Investor C Total Category
Stocks 46.5 55 27.5 129 Bonds 32 44 19 95 CD 15.5 20 13.5 49 Savings 16 28 7 51 Total 110 147 67 324
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Chap 2-21
Tabulating and Graphing Bivariate Categorical Data
Side by side charts
Comparing Investors
0 10 20 30 40 50 60
S toc k s
B onds
CD
S avings
Inves tor A Inves tor B Inves tor C
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Chap 2-22
Principles of Graphical Excellence
Presents data in a way that provides substance, statistics and design
Communicates complex ideas with clarity, precision and efficiency
Gives the largest number of ideas in the most efficient manner
Almost always involves several dimensions
Tells the truth about the data
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Chap 2-23
Using “chart junk”
Failing to provide a relative
basis in comparing data
between groups
Compressing the vertical axis
Providing no zero point on the vertical axis
Errors in Presenting Data
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Chap 2-24
“Chart Junk”
Good Presentation
1960: $1.00
1970: $1.60
1980: $3.10
1990: $3.80
Minimum Wage Minimum Wage
0
2
4
1960 1970 1980 1990
$
Bad Presentation
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Chap 2-25
No Relative Basis
Good Presentation A’s received by
students.
A’s received by
students.
Bad Presentation
0
200
300
FR SO JR SR
Freq.
10
30
FR SO JR SR
%
FR = Freshmen, SO = Sophomore, JR = Junior, SR = Senior
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Chap 2-26
Compressing Vertical Axis
Good Presentation
Quarterly Sales Quarterly Sales
Bad Presentation
0
25
50
Q1 Q2 Q3 Q4
$
0
100
200
Q1 Q2 Q3 Q4
$
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Chap 2-27
No Zero Point on Vertical Axis
Good Presentation
Monthly Sales Monthly Sales
Bad Presentation
0
39
42
45
J F M A M J
$
36
39
42
45
J F M A M J
$
Graphing the first six months of sales.
36
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Chap 2-28
Chapter Summary
Organized numerical data
The ordered array and stem-leaf display
Tabulated and graphed univariate numerical
data
Frequency distributions: tables, histograms,
polygon
Cumulative distributions: tables and the Ogive
Graphed bivariate numerical data
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Chap 2-29
Chapter Summary
Tabulated and graphed univariate categorical data The summary table
Bar and pie charts, the Pareto diagram
Tabulated and graphed bivariate categorical data Contingency tables
Side by side charts
Discussed graphical excellence and common errors in presenting data
(continued)