Wk 1: QRB 501: Concepts and Basic Data Analysis
Mesamada
AssignmentContent_ConceptsandBasicDataAnalysis.docxTitle of assignment: Concepts and Basic Data Analysis
Use the internet to find one example of each of the following graphs:
· Line graph
· Bar graph (horizontal or vertical bars are acceptable)
· Pie graph
Suppose you were presenting these graphs to a group of people (clients, co-workers, friends, etc.) who are not mathematically savvy.
Provide a non-technical explanation of each graph. Remember, you are addressing people who probably do not like or understand mathematical terms. (8 paragraphs total)
Outline
Paragraph 1: Introduction
Paragraph 2: Screenshot of line graph. For the line graph, what are the labels on the horizontal and vertical axes?
Paragraph 3: Screenshot of bar graph. For the bar graph, what labels are on the bars? What is being measured in this graph? (Hint: look at the axis label.)
Paragraph 4: Screenshot of pie graph. For the pie graph, what is the title, in other words, what is it measuring?
Paragraph 5: How would you improve each graph if at all? Is anything missing, misleading, or perhaps just wrong with this graph?
Paragraph 6: What would be the appropriate measure(s) for central tendency (mean, median, mode) to display with each graph?
Paragraph 7: What measure of dispersion (range, standard deviation) would be best?
Paragraph 8: Conclusion
· Provide a reference and in-text citation for the source of your graph so your facilitator can find the graph online. Note: sometimes information changes from day to day on websites, hence the reason for the required screenshot in first bullet point above.
Note: If you are having difficulty finding graphs here are a few places to consider looking:
· Your online utility bill
· Your fitness app
· A dashboard at your office
· U.S. Government websites such as:
· The Bureau of Labor Statistics
· The Bureau of Economic Analysis
· The Consumer Financial Protection Bureau
· Business, finance, and money management websites
