describing data visually statistics & risk management 1copyright © texas education agency,...
TRANSCRIPT
Describing Data Visually
Statistics & Risk Management
“Copyright and Terms of Service
Copyright © Texas Education Agency. The materials found on this website are copyrighted © and trademarked ™ as the property of the Texas Education Agency and may not be reproduced without the express written permission of the Texas Education Agency, except under the following conditions:
1) Texas public school districts, charter schools, and Education Service Centers may reproduce and use copies of the Materials and Related Materials for the districts’ and schools’ educational use without obtaining permission from the Texas Education Agency;
2) Residents of the state of Texas may reproduce and use copies of the Materials and Related Materials for individual personal use only without obtaining written permission of the Texas Education Agency;
3) Any portion reproduced must be reproduced in its entirety and remain unedited, unaltered and unchanged in any way;
4) No monetary charge can be made for the reproduced materials or any document containing them; however, a reasonable charge to cover only the cost of reproduction and distribution may be charged.Private entities or persons located in Texas that are not Texas public school districts or Texas charter schools or any entity, whether public or private, educational or non-educational, located outside the state of Texas MUST obtain written approval from the Texas Education Agency and will be required to enter into a license agreement that may involve the payment of a licensing fee or a royalty fee.
Call TEA Copyrights with any questions you have.
Copyright © Texas Education Agency, 2012. All rights reserved. 3
The Visual Advantage
Advantages:
• Easier to make comparisons.• Easier to draw conclusions• A picture is worth a 1000 words.
Copyright © Texas Education Agency, 2012. All rights reserved. 4
Been Around for a While
Nicole Oresme, 14th Century Publication
Copyright © Texas Education Agency, 2012. All rights reserved. 5
Pie Charting
Advantage:
• Great for a small number of groups with large variances.
Copyright © Texas Education Agency, 2012. All rights reserved. 6
Top 10 World Production 2010Company Sales by Units
Toyota 8,557,351
General Motors 8,476,192
Volkswagen 7,341,065
Hyundai 5,764,918
Ford 4,988,031
Nissan 3,982,162
Honda 3,643,057
PSA Peugeot Citroën 3,605,524
Suzuki 2,892,945
http://en.wikipedia.org/wiki/Automotive_industry
Copyright © Texas Education Agency, 2012. All rights reserved. 7
Toyota
GM
VW
Hyundai
Ford
Nissan
Honda
PSA
Suzuki
Production: Does this tell us something?
Copyright © Texas Education Agency, 2012. All rights reserved. 8
Call Center Sample (Calls) Can we apply this data to a pie chart?
• 6:00 am 120• 7:00 am 110• 8:00 am 160• 9:00 am 205• 10:00 am
170• 11:00 am
150• 12:00 am
170• 1:00 pm 200• 2:00 pm 170• 3:00 pm 152• 4:00 pm 140• 5:00 pm 130
• 6:00 pm 180• 7:00 pm 100• 8:00 pm 143• 9:00 pm 210• 10:00 pm 161• 11:00 pm 80• 12:00 am 40• 1:00 am 30• 2:00 am 40• 3:00 am 20• 4:00 am 10• 5:00 am 31
Copyright © Texas Education Agency, 2012. All rights reserved. 9
6:00 AM 7:00 AM 8:00 AM
9:00 AM 10:00 AM 11:00 AM
12:00 PM 1:00 PM 2:00 PM
3:00 PM 4:00 PM 5:00 PM
6:00 PM 7:00 PM 8:00 PM
9:00 PM 10:00 PM 11:00 PM
12:00 AM 1:00 AM 2:00 AM
3:00 AM 4:00 AM 5:00 AM
Calls Each HourDoes this tell us something?
Copyright © Texas Education Agency, 2012. All rights reserved. 10
Histogram Charting
• Better when time is involved.• Data is grouped and placed along
an axis representing time.
Copyright © Texas Education Agency, 2012. All rights reserved. 11
6:00 AM
8:00 AM
10:00 AM
12:00 PM
2:00 PM
4:00 PM
6:00 PM
8:00 PM
10:00 PM
12:00 AM
2:00 AM
4:00 AM0
50
100
150
200
250
Calls Each HourDoes this tell us something?
Copyright © Texas Education Agency, 2012. All rights reserved. 12
Scatter Charting
• Used to look for relationships between two variables or potential clustering
• Good for seeing a correlation or cluster.
Copyright © Texas Education Agency, 2012. All rights reserved. 13
0 0.5 1 1.5 2 2.5 3 3.5 40
0.5
1
1.5
2
2.5
3
3.5
Years Experience
Time (Hours)Scatter Charting
Copyright © Texas Education Agency, 2012. All rights reserved. 14
Scatter ChartingWhat do you think this means?
Copyright © Texas Education Agency, 2012. All rights reserved. 15
Ogive Charting
• Utilizes a line to connect data.• When used correctly it can predict
values between and beyond.
Copyright © Texas Education Agency, 2012. All rights reserved. 16
Ogive Charting: Can this chart really predict values between and beyond?
Freshman Sophomore Junior Senior0
0.5
1
1.5
2
2.5
3
Time Spent Doing What?
Time Spent?
Copyright © Texas Education Agency, 2012. All rights reserved. 17
Descriptive Indices
• Indices are used to Identify Groups in Comparison Studies.
Copyright © Texas Education Agency, 2012. All rights reserved. 18
Example Indices
• Utility Bills– Kilowatts vs. Months
• Sale Commissions– Sales vs. Sales Person
Descriptive Scales
19Copyright © Texas Education Agency, 2012. All rights reserved.
• Nominal• Ordinal• Interval• Ratio