Chapter 2
Chapter 2
Chapter 2
Chapter 2
Organizing and Visualizing Data
Learning Objectives
Data in raw form are usually not easy to use for decision making.
After defining variables and collecting data it’s time to organize the data to
help prepare for the later steps of visualizing and analyzing data. The
techniques of using and organizing data depend on the type of variable.
Form of Payment Percentage (%) Fund Risk Level Number of Funds Percentage of Funds (%)
Cash 20 Below average 23 26.44%
Check 49 Average 34 39.08%
Online 23 Above average 30 34.48%
Other 8 Total 87 100.00%
Chapter 2
Organizing Categorical Data
A contingency table (cross tabs) allows to study patterns that may exist
between the responses of two or more categorical variables.
FEE
TYPE YES NO Total
Intermediate government 30 48 78
Short-term corporate 25 68 93
Total 55 116 171
Education
31 24 26 28 19 18 19 27 16
16 18 19 19 24 26 27 28 31
Chapter 2
Organizing Numerical Data
The proportion or relative frequency is the number of values in each class divided by
the total number of values
The beginning salary of a Business School graduates,
AMD
Salary Range Frequency % in total
Up to 250,600 25 26%
From 250,600 to 300,200 18 19%
From 300,200 to 349,800 20 21%
From 349,800 to 399,400 14 15%
From 399,400 to 449,000 18 19%
Total 95 100%
Chapter 2
Organizing Numerical Data
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Chapter 2
Visualizing Data
Graphical presentation of Numerical Data
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Chapter 2
Visualizing Data
Visualizing Two Numerical Variables
In Scatter Diagram:
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a variable over time and plots the values
of a numerical variable on the Y axis and
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plots the time period associated with
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each numerical value on the X axis.
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2000-03-01
2000-08-01
2001-01-01
2001-06-01
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2002-04-01
2002-09-01
2003-02-01
2003-07-01
2003-12-01
2004-05-01
2004-10-01
2005-03-01
2005-08-01
2006-01-01
2006-06-01
2006-11-01
2007-04-01
2007-09-01
2008-02-01
2008-07-01
2008-12-01
2009-05-01
2009-10-01
2010-03-01
Exchange rate