Question

Pride Group of Companies is making tremendous profits in different categories of electronic goods. The group of managers have to do analysis of the data to show comparison of sales of past three years, and they also want to showmarket share of the company. A.Do you think charts can help them to represent data easily? If so, how?B.How can they make charts more informative?C.List the type of charts they can make for representation of profits and market share.

Answer 1

Answer:

Charts are good graphical tools for describing and representing statistics of company data, it categorizes the data and analyzes the impact of one or more values on another. Example of charts used in the data analysis;

• Bar chart
• pie chart
• scatterplot
• line plot

Explanation:

Data analysis is the process of collecting and describing data statistically to understand its effects and make future decisions. Graphics in data analysis is vital in representing data for easier understanding, these graphics are called charts