data analysis Flashcards
1
Q
data meaning
A
data is information that has been collected in a way that can inform decision making
2
Q
creation of data
A
- profit
- capacity
- working hours
- sales numbers
- market growth
- market share
- sales growth
- productivity
- market research results
3
Q
what’s a bar chart
A
categorical data
4
Q
what’s a histogram
A
continuous data representing the different intervals in which the data has been grouped into
5
Q
index numbers
A
makes numerical data easier to understand by comparing it to a base year which is given the index number of 100
6
Q
what’s a base year
A
could be the first year of your data or the average year
7
Q
what’s a line graph
A
compare 2 variables showing a series of points joined by a continuous line
