Frequency Distribution in Business

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Questions and Answers

A company wants to visually represent the distribution of its sales across different regions. Which type of graph is most appropriate for displaying this data?

  • Scatter plot
  • Line graph
  • Bar chart (correct)
  • Frequency polygon

In a relative frequency distribution, what information is presented?

  • The exact number of occurrences for each data point.
  • The cumulative occurrences of each data point.
  • The difference between the highest and lowest data point.
  • The proportion of occurrences for each data point relative to the total. (correct)

When constructing a frequency distribution table with grouped data, what is the primary consideration in determining the interval size?

  • Balancing the need for detail with the need for manageability. (correct)
  • Making the interval size as large as possible to simplify the table.
  • Ensuring each interval has an equal number of data points.
  • Choosing an interval size that matches the most common data point.

To effectively compare the performance of two different product lines over several quarters, which type of graph would be most suitable?

<p>Line graph (A)</p> Signup and view all the answers

What is the primary advantage of using a pie chart in data representation?

<p>Illustrating proportions of a whole. (B)</p> Signup and view all the answers

A data set includes the following retirement ages: 55, 56, 57, 57, 58, 58, 60, 60, 62, 65, 65, 65. What is the range of this retirement age data?

<p>10 (A)</p> Signup and view all the answers

Consider a dataset of test scores. What does the 'stub' typically represent in a table displaying this data?

<p>The row captions indicating student names. (C)</p> Signup and view all the answers

In a line graph showing monthly sales data, what does each point on the line represent?

<p>The sales figure for a specific month. (C)</p> Signup and view all the answers

What is the role of 'source notes' in a table presenting business data?

<p>To cite the original source of the data. (B)</p> Signup and view all the answers

In the context of constructing a histogram, what does the area of each bar represent?

<p>The number of data points within that interval. (B)</p> Signup and view all the answers

Given a dataset, when is it more appropriate to use a frequency polygon instead of a histogram?

<p>When comparing two or more distributions on the same graph. (C)</p> Signup and view all the answers

If you want to visualize the correlation between advertising spending and sales revenue, which type of graph is most appropriate?

<p>Scatter plot (B)</p> Signup and view all the answers

What is the primary purpose of 'prefatory notes' in a business table?

<p>To provide additional context or explanations about the data. (D)</p> Signup and view all the answers

You've collected data on customer satisfaction scores (1-5) for your product. Which type of graph would best display the frequency of each satisfaction level?

<p>Bar chart (D)</p> Signup and view all the answers

A company's sales data from 2018 to 2022 is: 100, 120, 140, 160, 180. Using this data, what is the increase in sales from 2019 to 2021?

<p>40 (D)</p> Signup and view all the answers

Flashcards

Frequency Distribution Table

A table that shows how often each value in a set of data occurs.

Relative Frequency Distribution Table

A table showing the percentage of the total observations that fall into each category.

Frequency Polygon

A graph plotting scores on the x-axis and frequency on the y-axis; points are connected by straight lines.

Histogram

A bar graph in which the area of each bar is proportional to the frequency of the corresponding interval.

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Line Chart/Graph

Visual display of data showing information that connects points.

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Bar Chart/Graph

Graph that uses bars to show data in terms of rectangles.

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Pie Chart/Circle Graph

Graph used to compare parts of a whole.

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Histogram

A graph consisting of columns (bars) next to each other.

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The Title (of a Table)

The heading which indicates the table's content.

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The Boxhead

Contains column captions describing data.

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The Stub (of a Table)

Describes the characteristics of a particular value.

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The Body(of a Table)

The main part of the table containing data.

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Prefatory Notes

Contain explanations or definitions.

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Source Notes

References or citations.

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Title(of a Line Graph)

The title of the graph.

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Study Notes

Lesson Objectives

  • Students will learn to explain the importance of business data
  • Students will learn to prepare simple, relative, and grouped frequency distribution tables
  • Students will learn to compute for range and interval
  • Students will learn to construct a frequency polygon and a histogram
  • Students will learn to interpret data in tables and histograms
  • Students will learn to identify the essential parts of a table
  • Students will learn to draw a table to present data
  • Students will learn to describe the essential parts of a graph
  • Students will learn to describe different kinds of graphs for data presentation
  • Students will learn to identify the appropriate graph/chart of the given data
  • Students will learn to draw the graph or chart for a given set of business data

Frequency Distribution

  • Consider a data set showing the retirement age of 12 people
  • Ages included in the data set are 55, 56, 57, 57, 58, 58, 60, 60, 62, 65, 65, 65
  • Breakdown of the retirement data is as follows:
  • Age 55: 1 person
  • Age 56: 1 person
  • Age 57: 2 people
  • Age 58: 2 people
  • Age 60: 2 people
  • Age 62: 1 person
  • Age 65: 3 people
  • Total people: 12

Determining Range and Interval Size

  • Given are the following numbers: 70 70 77 70 77 79 79 73 73 87 79 80 72 83 89 78 91 81 88 84 71 72 71 78 78 94 81 81 79 80 72 83 89 78 91 81 88 84 83 72 80 72 83 89 78 91 81 88 84 83 70 81 75 76 90 80 94 94 73 88
  • Scores and their frequencies in a frequency distribution range are as follows:
  • 70-74: 13
  • 75-79: 13
  • 80-84: 19
  • 85-89: 8
  • 90-94: 7
  • Total: 60
  • The range has to be determined
  • Interval size also has to be decided
  • Using 27 ÷ 10 = 2.7 or 3 is too small
  • Using 27 ÷ 5 = 5.4 or 5 looks better

Relative Frequency Distribution

  • Scores, Frequencies, and Percentages
  • 70-74: 13, 21.67%
  • 75-79: 13, 21.67%
  • 80-84: 19, 31.67%
  • 85-89: 8, 13.33%
  • 90-94: 7, 11.67%
  • Total: 60, 100%

Frequency Polygon / Line Graph

  • To make a frequency polygon:
  • Plot the scores on the x-axis
  • Plot the frequency (or percent) on the y-axis
  • Connect the points plotted by a straight line

Comparing graphs

  • Scores, Frequencies for comparisons are
  • 70-74: 12
  • 75-79: 11
  • 80-84: 15
  • 85-89: 9
  • 90-94: 8
  • Total frequency: 55

Histogram Data

  • Ages and their frequencies are as follows:
  • 65: 3
  • 62: 1
  • 60: 2
  • 58: 2
  • 57: 2
  • 56: 1
  • 55: 1
  • Total: 12

Types of Charts / Graphs

  • Line Chart/Graph: shows connected information
  • Weeks of the Month: 1, 2, 3, 4
  • Number of Topics Learned: 2, 5, 8, 10
  • Bar Chart/Graph: shows data in terms of rectangles
  • Movie Genres and numbers include:
  • Comedy: 8
  • Action: 10
  • Romance: 12
  • Drama: 2
  • Sci-fi: 8
  • Pie Chart/Circle Graph: used to compare parts of the whole

Parts of a Table

  • The Title
  • The Box Head (column captions)
  • The Stub (row captions)
  • The Body
  • Prefatory Notes
  • Footnotes
  • Source Notes

Parts of Charts / Graphs

  • Line Graph
  • Title
  • Label
  • Scale
  • Points
  • Line
  • Circle Graph:
  • Title
  • Key
  • Circle
  • Histogram:
  • Title
  • Scale
  • Labels
  • Bar

Exercises

  • Create relative frequency distribution table, frequency polygon, and histogram using the data
  • 77, 75, 76, 74, 73, 76, 71, 77, 70, 72, 75, 75, 73, 73, 71, 73
  • Create a pie chart with proper labels using the data
  • Favorite Subject / Students
  • Math: 10 students
  • Science: 9 students
  • English: 10 students
  • Filipino: 2 students

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