Assignment
Details
This assignment has two parts:
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.
2. We learned in Unit 2 that 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.