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Statistical graphics have been central to the development of science and date to the earliest attempts to analyse data. Many familiar forms, including bivariate plots, statistical maps, bar charts, and coordinate paper were used in the 18th century.
Box plot : In descriptive statistics, a boxplot, also known as a box-and-whisker diagram or plot, is a convenient way of graphically depicting groups of numerical data through their five-number summaries (the smallest observation, lower quartile (Q1), median (Q2), upper quartile (Q3), and largest observation). A boxplot may also indicate which ...
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A pie chart or bar chart can show the comparison of ratios, such as the market share represented by competitors in a market. Deviation: Categorical subdivisions are compared against a reference, such as a comparison of actual vs. budget expenses for several departments of a business for a given time period.
In statistical quality control, the ¯ and s chart is a type of control chart used to monitor variables data when samples are collected at regular intervals from a business or industrial process. [1] This is connected to traditional statistical quality control (SQC) and statistical process control (SPC).
In statistical process control (SPC), the ¯ and R chart, also known as an averages and range chart is a type of scheme, popularly known as control chart, used to monitor the mean and range of a normally distributed variables simultaneously, when samples are collected at regular intervals from a business or industrial process. [1]
Also confidence coefficient. A number indicating the probability that the confidence interval (range) captures the true population mean. For example, a confidence interval with a 95% confidence level has a 95% chance of capturing the population mean. Technically, this means that, if the experiment were repeated many times, 95% of the CIs computed at this level would contain the true population ...