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ECO 203 Ch.1

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Term
Definition
show Histogram  
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The number of observations in a data set that take on any given value   show
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show Relative Frequency Distribution  
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show Bar Graph  
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show Scatter Plot  
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Visualizations perfect for showing portions of data. These portions always add to 100%. Best used for categorical data   show
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Used to look at evolution of a data series over time. Can be used to plot multiple series for comparison. Examples: stock prices, Company Sales, Unemployment.   show
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Created by: acorso3
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