Assignment:
Part 1
An often used quote states, "A picture is worth a thousand words." Along these lines, how do visual presentations, such as frequency distribution tables or graphs showing central tendency or dispersion of data points, convey information for a reader? How are these visual representations of data analysis effective in communicating the story the information is telling the reader? Explain.
Part2
Businesses use estimates in their budgets and financial statements. How are estimates different from probabilities? How are estimates and probabilities similar? Share an example of each.