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Statistical Techniques in Business & Economics Chapter 2

Frequency Table
Grouping of qualitative data into mutually exclusive classes showing the number of observation in each class
Relative Class Frequencies
The fraction of the total number of observation in each class
Bar Chart
Shows qualitative classes on horizontal axis and class frequencies on vertical
Pie Chart
Shows the proportion that each class represents of the total number of frequencies
Frequency Distribution
Grouping of data into mutually exclusive classes showing the number of observations in each class
Cumulative Frequency Distribution
Determines how many or what proportion of the data values are below or above a certain value
Histogram
Frequency Distribution based on quantitative data. Classes are horizontal and class frequencies are on the vertical axis.

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