Question
Download Solution PDFWhich type of chart is used for representing huge amount of data?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFKey Points
- Scatter charts are widely used for representing a huge amount of data.
- Scatter charts plot data points on a horizontal and a vertical axis to show how much one variable is affected by another.
- Scatter charts are also known as scatter plots, scatter graphs, and scatter diagrams.
- These charts are useful for identifying and visualizing the correlation between variables.
- Scatter charts are often used in statistical analyses to show the relationship between two variables and to identify trends, patterns, and outliers.
Additional Information
- Bar charts are typically used for comparing different categories of data.
- Area charts are used to represent quantitative data graphically.
- Line charts are used to display information as a series of data points called 'markers' connected by straight line segments.
- Choosing the right type of chart depends on the nature of the data and the insights you wish to derive from it.
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