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Describing Data Visually Statistics & Risk Management 1 Copyright © Texas Education Agency, 2012. All rights reserved.

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Page 1: Describing Data Visually Statistics & Risk Management 1Copyright © Texas Education Agency, 2012. All rights reserved

Describing Data Visually

Statistics & Risk Management

Page 2: Describing Data Visually Statistics & Risk Management 1Copyright © Texas Education Agency, 2012. All rights reserved

 “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.

Page 3: Describing Data Visually Statistics & Risk Management 1Copyright © Texas Education Agency, 2012. All rights reserved

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.

Page 4: Describing Data Visually Statistics & Risk Management 1Copyright © Texas Education Agency, 2012. All rights reserved

Copyright © Texas Education Agency, 2012. All rights reserved. 4

Been Around for a While

Nicole Oresme, 14th Century Publication

Page 5: Describing Data Visually Statistics & Risk Management 1Copyright © Texas Education Agency, 2012. All rights reserved

Copyright © Texas Education Agency, 2012. All rights reserved. 5

Pie Charting

Advantage:

• Great for a small number of groups with large variances.

Page 6: Describing Data Visually Statistics & Risk Management 1Copyright © Texas Education Agency, 2012. All rights reserved

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

Page 7: Describing Data Visually Statistics & Risk Management 1Copyright © Texas Education Agency, 2012. All rights reserved

Copyright © Texas Education Agency, 2012. All rights reserved. 7

Toyota

GM

VW

Hyundai

Ford

Nissan

Honda

PSA

Suzuki

Production: Does this tell us something?

Page 8: Describing Data Visually Statistics & Risk Management 1Copyright © Texas Education Agency, 2012. All rights reserved

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

Page 9: Describing Data Visually Statistics & Risk Management 1Copyright © Texas Education Agency, 2012. All rights reserved

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?

Page 10: Describing Data Visually Statistics & Risk Management 1Copyright © Texas Education Agency, 2012. All rights reserved

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.

Page 11: Describing Data Visually Statistics & Risk Management 1Copyright © Texas Education Agency, 2012. All rights reserved

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?

Page 12: Describing Data Visually Statistics & Risk Management 1Copyright © Texas Education Agency, 2012. All rights reserved

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.

Page 13: Describing Data Visually Statistics & Risk Management 1Copyright © Texas Education Agency, 2012. All rights reserved

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

Page 14: Describing Data Visually Statistics & Risk Management 1Copyright © Texas Education Agency, 2012. All rights reserved

Copyright © Texas Education Agency, 2012. All rights reserved. 14

Scatter ChartingWhat do you think this means?

Page 15: Describing Data Visually Statistics & Risk Management 1Copyright © Texas Education Agency, 2012. All rights reserved

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.

Page 16: Describing Data Visually Statistics & Risk Management 1Copyright © Texas Education Agency, 2012. All rights reserved

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?

Page 17: Describing Data Visually Statistics & Risk Management 1Copyright © Texas Education Agency, 2012. All rights reserved

Copyright © Texas Education Agency, 2012. All rights reserved. 17

Descriptive Indices

• Indices are used to Identify Groups in Comparison Studies.

Page 18: Describing Data Visually Statistics & Risk Management 1Copyright © Texas Education Agency, 2012. All rights reserved

Copyright © Texas Education Agency, 2012. All rights reserved. 18

Example Indices

• Utility Bills– Kilowatts vs. Months

• Sale Commissions– Sales vs. Sales Person

Page 19: Describing Data Visually Statistics & Risk Management 1Copyright © Texas Education Agency, 2012. All rights reserved

Descriptive Scales

19Copyright © Texas Education Agency, 2012. All rights reserved.

• Nominal• Ordinal• Interval• Ratio