Question

In: Statistics and Probability

(4) Describe a data set that you have encountered or could envision that would be applicable...

(4) Describe a data set that you have encountered or could envision that would be applicable to your current job, a past job, or a life situation. Identify two (2) options for graphically representing those data to present to decision-makers, such a pie charts, time series, Pareto charts, histograms, etc. Assess the pros and cons of each graphical option.

Solutions

Expert Solution

4) Ans:

  • For only the individual working in the information investigation field.
  • Around 70% time of An information expert goes in cleaning sorting and bringing.
  • The information into a formatt on which examination can be completed.
  • Staying 20% of the time goes into handling on the information and the following on getting ready insists.
  • Here, we can set up a pie-diagram demonstrating that lion's share of an information experts time goes into cleaning and arranging of the crude information.
  • If you don't mind see underneath the upsides and downsides of the each graphical representation.
  • In the question they asked only identify the 2 options for graphical representation ,So i identidied only 2 options.

1.Pie-chart :

  • A pie-outline can be extremely helpful visual apparatus for what ever we have a little information set and less number of arrangements as mentioned above.
  • A man can without much of a stretch imagine the information and remarks.
  • It is likewise simple to understand.
  • However at whatever point we have enormous arrangements of the information, this is anything but a decent choice.

2) Pareto - Charts:

  • As on account of a pie-graph, we can make this diagram and is extremely straightforward.
  • we can likewise appear with respect to which of the fact of the matter is really requiring up the greater part of the exertion.
  • Nonetheless, this isn't valuable on account of vast informational collections.

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