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IT Assignment 1

The document discusses different types of charts that can be used in Excel to visualize data, including column charts, line charts, pie charts, bar charts, and more. It focuses on bar charts, describing them as representations of grouped data using vertical or horizontal bars of varying lengths. The document also defines histograms as bar graph-like charts that bucket data ranges into columns along the x-axis to show data distributions, and notes the key difference between bar charts and histograms is that histograms have no gaps between bars.

Uploaded by

Neha Khan
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© © All Rights Reserved
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Download as DOCX, PDF, TXT or read online on Scribd
55 views

IT Assignment 1

The document discusses different types of charts that can be used in Excel to visualize data, including column charts, line charts, pie charts, bar charts, and more. It focuses on bar charts, describing them as representations of grouped data using vertical or horizontal bars of varying lengths. The document also defines histograms as bar graph-like charts that bucket data ranges into columns along the x-axis to show data distributions, and notes the key difference between bar charts and histograms is that histograms have no gaps between bars.

Uploaded by

Neha Khan
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Assignment-1

CHARTS

A chart is a tool you can use in Excel to communicate data graphically. Charts
allow your audience to see the meaning behind the numbers, and they make
showing comparisons and trends much easier.

 A chart is a graphical representation of data.


 Charts allow users to see what the results of data to better understand and
predict current and future data.

TYPES OF CHART

There are a wide variety of charts available to display data. The list below contains
those that are most popular and supported by MS Excel.
 Column chart
 Line chart
 Pie chart
 Bar chart
 Area chart
 XY (Scatter) chart
 Stock chart
 Surface chart
 Doughnut chart
 Bubble chart
 Radar chart

SIGNIFICANCE OF CHARTS

The main functions of a chart are to display data and invite further exploration of a
topic. Charts are used in situations where a simple table won't adequately
demonstrate important relationships or patterns between data points.

 Charts and graphs help to express complex data in a simple format.


 They can add value to your presentations and meetings, improving the clarity and
effectiveness of your message.
 Charts show each data category in a frequency distribution.
 Chart displays relative numbers or proportions of multiple categories.
 Charts summarize a large data set in visual form.
 Charts clarify trends better than do tables.
 Chart estimates key values at a glance.
 Chart permits a visual check of the accuracy and reasonableness of calculations.
 Charts can be easily understood due to widespread use in business and the
media.

BAR CHART:

 Bar charts are the pictorial representation of data (generally grouped).


 In bar charts, the representation of data is in the form of vertical or horizontal
rectangular bars, where the lengths of bars are proportional to the measure of
data.
 Bar graphs are one of the means of data handling in statistics.

Different Types of Bar Charts:


Excel provides variations of Bar and Column charts.

 Stacked: A chart that shows the dependent variables stacked on top of each
other. This chart is also called segmented.
 Clustered: A chart that displays a group of dependent variables, also called
grouped. A double graph is a clustered graph that has two dependent variables.
 Vertical: When the grouped data are represented vertically in a graph or chart
with the help of bars, where the bars denote the measure of data. The data is
represented along the y-axis of the graph, and the height of the bars shows the
values.
 Horizontal: When the grouped data are represented horizontally in a chart with
the help of bars, where the bars show the measure of data. The data is depicted
here along the x-axis of the graph, and the lengths of the bars denote the values.

HISTOGRAM:

 A histogram is a bar graph-like representation of data that buckets a range of


outcomes into columns along the x-axis.
 The y-axis represents the number count or percentage of occurrences in the data
for each column and can be used to visualize data distributions.
 In trading, the MACD histogram is used by technical analysts to indicate changes
in momentum.
 A histogram is used to summarize discrete or continuous data.
 It provides a visual interpretation of numerical data by showing the number of
data points that fall within a specified range of values (called “bins”).
 It is similar to a vertical bar graph. However, a histogram, unlike a vertical bar
graph, shows no gaps between the bars.
DIFFERENCE BETWEEN BAR CHART AND HISTOGRAM:

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