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The graphs can be used together to determine the economic equilibrium (essentially, to solve an equation). Simple graph used for reading values: the bell-shaped normal or Gaussian probability distribution, from which, for example, the probability of a man's height being in a specified range can be derived, given data for the adult male population.
Whereas statistics and data analysis procedures generally yield their output in numeric or tabular form, graphical techniques allow such results to be displayed in some sort of pictorial form. They include plots such as scatter plots , histograms , probability plots , spaghetti plots , residual plots, box plots , block plots and biplots .
A chart (sometimes known as a graph) is a graphical representation for data visualization, in which "the data is represented by symbols, such as bars in a bar chart, lines in a line chart, or slices in a pie chart". [1] A chart can represent tabular numeric data, functions or some kinds of quality structure and provides different info.
A dot chart or dot plot is a statistical chart consisting of data points plotted on a fairly simple scale, typically using filled in circles. There are two common, yet very different, versions of the dot chart. The first has been used in hand-drawn (pre-computer era) graphs to depict distributions going back to 1884. [1]
A Pareto chart is a type of chart that contains both bars and a line graph, where individual values are represented in descending order by bars, and the cumulative total is represented by the line. The chart is named for the Pareto principle , which, in turn, derives its name from Vilfredo Pareto , a noted Italian economist.
Download as PDF; Printable version; ... Pages in category "Statistical charts and diagrams" ... Fan chart (statistics) Fan chart (time series) ...
A simple run chart showing data collected over time. The median of the observed data (73) is also shown on the chart. A run chart, also known as a run-sequence plot is a graph that displays observed data in a time sequence. Often, the data displayed represent some aspect of the output or performance of a manufacturing or other business process.
Figure 2. Box-plot with whiskers from minimum to maximum Figure 3. Same box-plot with whiskers drawn within the 1.5 IQR value. A boxplot is a standardized way of displaying the dataset based on the five-number summary: the minimum, the maximum, the sample median, and the first and third quartiles.