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Types of Charts Obj. 3.03 - Identify Charts and Graphs Used in Business

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Page 1: In this PowerPoint, each chart will be defined and described with an example of the data it is most appropriately suited to represent. How are charts

Types of Charts

Obj. 3.03 - Identify Charts and Graphs Used in Business

Page 2: In this PowerPoint, each chart will be defined and described with an example of the data it is most appropriately suited to represent. How are charts

How do you know which chart to use?

In this PowerPoint, each chart will be defined and described with an example of the data it is most appropriately suited to represent.

How are charts used in other classes?› Are charts used in Math? Why?› Are charts used in Social Studies? Why?› Are charts used in Language Arts? Why?

Page 3: In this PowerPoint, each chart will be defined and described with an example of the data it is most appropriately suited to represent. How are charts

What you need to know

You need to know: The six common charts used in

business. The object is to understand how each chart

is used to communicate information. › For example, if you are trying to compare the

sales of Apple iPhones to the sales of Samsung phones, what chart will best explain the data?

Why is one chart preferred over another? Which chart will best communicate the

data?

Page 4: In this PowerPoint, each chart will be defined and described with an example of the data it is most appropriately suited to represent. How are charts

6 Common types of charts

Column Chart Stacked Bar Chart Line Chart

XY Scatter Chart Pie Chart Exploded Pie Chart

Page 5: In this PowerPoint, each chart will be defined and described with an example of the data it is most appropriately suited to represent. How are charts

Column ChartA Column Chart is used to make

comparisons and generalizations about groups of data.

› such as, to compare the number of students from each class (Sophomores, Juniors, and Seniors) and their attendance and school spirit at assemblies.

A Column Chart is a series of verticalcolumns, each representative of a data

series.

Page 6: In this PowerPoint, each chart will be defined and described with an example of the data it is most appropriately suited to represent. How are charts

Column Chart

Spirit Participation

0

20

40

60

80

100

January February March April

Month

Att

enda

nce

Rat

e

Seniors

Juniors

Sophomores

This chart compares the attendance rates/school spirit of Seniors, Juniors, and Sophomores at assemblies over a period of four months.

School Spirit at Assemblies

Which group has the most consistent school spirit? The Sophomores have the most consistent attendance/school spirit, as evidenced by the green bars.

Page 7: In this PowerPoint, each chart will be defined and described with an example of the data it is most appropriately suited to represent. How are charts

Stacked Bar Chart

A Stacked Bar Chart is used to represent the sum of more than one value and compare the contribution of individuals to the whole.

› such as, to compare the total sales for three components/departments to the whole sales for a store.

A Bar or a Stacked Bar Chart is a series of horizontal bars, each representative of a data series.› Each bar is divided into two or more parts › The length of the stacked bar represents a total.

Page 8: In this PowerPoint, each chart will be defined and described with an example of the data it is most appropriately suited to represent. How are charts

Another Stacked Bar Chart example:

Question: The CTE Dept. has received test scores for the first semester. The Dept. chair wants to see how each area (Business, Marketing, Technology) contributed to the combined score.What is the best chart type to use?

Answer: Stacked Bar Chart

Page 9: In this PowerPoint, each chart will be defined and described with an example of the data it is most appropriately suited to represent. How are charts

Stacked Bar

This example shows the contributions of three components--Computers, Printers, and Monitors--to total sales during each quarter (three-month period).

8,000

7,000

8,000

5,000

15,755

25,000

12,575

10,500

2,500

3,500

3,500

3,300

0 10,000 20,000 30,000 40,000

1st Quarter

2nd Quarter

3rd Quarter

4th Quarter

Pe

rio

d

Sales (in Thousands)

Printers

Computers

Monitors

ABC ComputersQuarterly

Report Sales

Analysis

Page 10: In this PowerPoint, each chart will be defined and described with an example of the data it is most appropriately suited to represent. How are charts

Line Chart

A Line Chart is used to show trends or changes in data over time.

› such as, growth in sales over several quarters.

A Line Chart is a series of data points connected by horizontal lines, each representing a series of data.

Page 11: In this PowerPoint, each chart will be defined and described with an example of the data it is most appropriately suited to represent. How are charts

Question: The CTE Dept. Chair is reviewing test scores and wants to see the trends of the scores of students in these 3 areas (Business, Marketing, Technology) for the past 5 years.

What is the best chart type to use?

Answer: Line Chart

Another Line Chart example

Page 12: In this PowerPoint, each chart will be defined and described with an example of the data it is most appropriately suited to represent. How are charts

Line Chart

Which department showed the most growth?

Which department showed a steady increase in sales?

Which department showed a decline in sales?

Sales Trends by Department

0

10,000

20,000

30,000

40,000

50,000

60,000

1st Quarter 2ndQuarter

3rd Quarter 4th Quarter

Period

Sa

les

(in

Th

ou

sa

nd

s)

Music

Shoes

Clothing

Page 13: In this PowerPoint, each chart will be defined and described with an example of the data it is most appropriately suited to represent. How are charts

XY Scatter

An XY Scatter Chart is used to indicate the correlation of two or more sets of data.

such as, the correlation between stress rates and wait time in a doctor’s office. or the correlation between pulse rates

and wait time in the principal’s office.

A business example of an XY Chart is one that represents the effect (if any) of number of hours of sleep on worker productivity.

Page 14: In this PowerPoint, each chart will be defined and described with an example of the data it is most appropriately suited to represent. How are charts

XY Scatter

What effect did the wait time in the principal’s office have on pulse rate?

What effect did the wait time in the doctor’s office have on pulse rate?

Stress Analysis

0

20

40

60

80

100

120

140

0 5 10 15

Wait Time (in Minutes)

Pu

lse

Rat

ePrincipal'sOffice

Doctor'sOffice

This data is fictional.

Page 15: In this PowerPoint, each chart will be defined and described with an example of the data it is most appropriately suited to represent. How are charts

Pie ChartA Pie Chart is used to represent only

one series of data.

A Pie Chart shows the contribution of each component of one series of data to the whole. such as, the percentage (%) of each slice of apple pie to the total pie

the % of each time you spend on each thing you do in a day

It answers the question, “What is the percentage of each part to the whole?”

Page 16: In this PowerPoint, each chart will be defined and described with an example of the data it is most appropriately suited to represent. How are charts

Pie Chart

Which item contributed the most percent to total sales?

Financial Budget East Region

57%

17%

13%13%Printers

PDAs

Desktops

Laptops

Page 17: In this PowerPoint, each chart will be defined and described with an example of the data it is most appropriately suited to represent. How are charts

Exploded Pie Chart

An Exploded Pie Chart is a pie chart in which the individual components are enhanced.

It is used to emphasize one or more portions of the data (one piece of the pie is enhanced).

Page 18: In this PowerPoint, each chart will be defined and described with an example of the data it is most appropriately suited to represent. How are charts

Exploded Pie Chart

Music Sales by Genre

16%

24%

33%

27% Classical

Country

Rock

Hip Hop

Page 19: In this PowerPoint, each chart will be defined and described with an example of the data it is most appropriately suited to represent. How are charts

Review: Can you identify the charts?

1. Represents the contribution of individual items to the whole

2. Indicates trends in data

3. Makes comparisons about groups of data

4. Emphasizes one or more portions of the data

5. Represents only one series of data

6. Indicates a correlation

Page 20: In this PowerPoint, each chart will be defined and described with an example of the data it is most appropriately suited to represent. How are charts

Stacked Bar

8,000

7,000

8,000

5,000

15,755

25,000

12,575

10,500

2,500

3,500

3,500

3,300

0 10,000 20,000 30,000 40,000

1st Quarter

2nd Quarter

3rd Quarter

4th Quarter

Pe

rio

d

Sales (in Thousands)

Printers

Computers

Monitors

ABC ComputersQuarterly

Report Sales

Analysis

Page 21: In this PowerPoint, each chart will be defined and described with an example of the data it is most appropriately suited to represent. How are charts

XY Scatter

Stress Analysis

0

20

40

60

80

100

120

140

0 5 10 15

Wait Time (in Minutes)

Pu

lse

Rat

e

Principal'sOffice

Doctor'sOffice

Page 22: In this PowerPoint, each chart will be defined and described with an example of the data it is most appropriately suited to represent. How are charts

Column Chart

Spirit Participation

0

20

40

60

80

100

January February March April

Month

Att

end

ance

Rat

e

Seniors

Juniors

Sophomores

Page 23: In this PowerPoint, each chart will be defined and described with an example of the data it is most appropriately suited to represent. How are charts

Exploded Pie

Music Sales by Genre

16%

24%

33%

27% Classical

Country

Rock

Hip Hop

Page 24: In this PowerPoint, each chart will be defined and described with an example of the data it is most appropriately suited to represent. How are charts

Pie

Financial Budget East Region

57%

17%

13%13%Printers

PDAs

Desktops

Laptops

Page 25: In this PowerPoint, each chart will be defined and described with an example of the data it is most appropriately suited to represent. How are charts

LineSales Trends by Department

0

10,000

20,000

30,000

40,000

50,000

60,000

1st Quarter 2ndQuarter

3rd Quarter 4th Quarter

Period

Sa

les

(in

Th

ou

sa

nd

s)

Music

Shoes

Clothing