MAT 141 – Statistics Section 2.2 (Sullivan 4e) Page 1 Learning Outcomes After we cover Section 2.2, you should be able to: 1. Construct and interpret each of the following for a quantitative variable: a. Frequency distribution and relative frequency distribution – grouped (using classes) and ungrouped (using discrete values of the variable). b. Histogram (grouped and ungrouped). c. Stem-and-leaf plot and back-to-back stem-and-leaf plot. d. Time-series graph (including variations such as a compound time-series graph or normalized time-series graph). 2. Describe when each of these graphical methods is most appropriate for summarizing information about a quantitative variable. 3. Describe what is meant by a data distribution. 4. Use a histogram or stem-and-leaf plot to describe the shape of a distribution (e.g., uniform, bell-shaped, left or right skewed, bimodal). a. Describe what the shape says about the data distribution. 5. Recognize incorrectly constructed tables and charts (e.g., histograms with missing and/or overlapping classes). Descriptive Statistics for Quantitative Discrete Variables Quantitative discrete variables have discrete values just like qualitative variables. A frequency (or relative frequency) distribution for a quantitative discrete variable shows the frequency (or relative frequency) of each value. (Relative) Frequency distribution EXAMPLE: Number of Siblings per Household Quantitative discrete variable Number of siblings living in household Frequency and relative frequency distribution Raw data 3 2 8 3 2 0 1 0 1 0 4 1 0 0 2 4 0 1 0 1 2 3 0 1 3 3 2 2 3 8 3 2 0 1 1 3 0 2 0 0 1 3 2 3 2 1 0 5 3 0 1 Sorted data 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1 1 1 1 1 2 2 2 2 2 2 2 2 2 2 3 3 3 3 3 3 3 3 3 3 3 4 4 5 8 8 MAT 141 (Sullivan 3e) - 2.1-2.2 Slide 26 geoffrey.krader@morton.edu No. of Siblings 0 1 2 3 4 5 6 7 8 Rel. Freq. Freq. 14 0.27 11 0.22 10 0.20 11 0.22 2 0.04 1 0.02 0 0.00 0 0.00 2 0.04 51 GHK 01/2012 kradermath.jimdo.com 01/2014 MAT 141 – Statistics Section 2.2 (Sullivan 4e) Page 2 Descriptive Statistics for Quantitative Discrete Variables (cont’d) A histogram is a graph that uses bars to represent the frequency (or relative frequency) of each discrete value. The values are listed in numerical order, as they would appear on a number line. EXAMPLE: Number of Siblings at Home Histogram Quantitative discrete variable Frequency and relative frequency distribution No. of Siblings 0 1 2 3 4 5 6 7 8 Rel. Freq. Freq. 14 0.27 11 0.22 10 0.20 11 0.22 2 0.04 1 0.02 0 0.00 0 0.00 2 0.04 51 Bars have equal widths. No gaps between bars unless there are values with frequency = 0. Each bar is centered over the value it represents. Don’t skip any values, even if the frequency is zero! MAT 141 (Sullivan 4e) - 2.2 Slide 4 GHK 01/2014 What observations can you make about the number of siblings in households of MAT 141 students? Histograms vs. Bar Graphs How a Histogram is Similar to a Bar Graph In a histogram and a bar graph: Use one bar for each value. Height of each bar corresponds to the frequency or relative frequency of the associated value of the variable. Bars are of equal width. geoffrey.krader@morton.edu How a Histogram is Different than a Bar Graph In a histogram: Values must be listed in order, from smallest to largest, across the horizontal axis. Show all values between the smallest and largest observations, even if their frequency is zero. Do not leave gaps between the bars unless there are values with frequency=0. Each bar is centered over the value it represents. kradermath.jimdo.com 01/2014 MAT 141 – Statistics Section 2.2 (Sullivan 4e) Page 3 How to Construct a Frequency Distribution or Relative Frequency Distribution for a Quantitative Discrete Variable: List each possible value of the variable between the smallest and largest observed values. o Do not skip any values, even if their frequency is zero. Count the frequency (i.e., number of occurrences) of each value. o The frequencies should add up to the total number of observations. For a relative frequency distribution, determine the proportion of the total observations represented by each value. o The proportions should add up to 1 (except for rounding error). How to Construct a Histogram for a Quantitative Discrete Variable: List the discrete values of the variable in numerical order along the horizontal axis. o List all possible values between the smallest and the largest observed values. o Do not skip any values, even if their frequency is zero. Draw one bar per discrete value. o Height of each bar corresponds to the frequency or relative frequency of each value. o All bars should have the same width. o Each bar is centered over the value it represents. o Do not leave any gaps between the bars, unless there are values whose frequency is zero. geoffrey.krader@morton.edu kradermath.jimdo.com 01/2014 MAT 141 – Statistics Section 2.2 (Sullivan 4e) Page 4 Descriptive Statistics for Quantitative Continuous Variables Unlike a discrete variable, which can only take on certain values, a continuous variable can take on any value over an interval on the number line. For example, a person’s weight can be any positive number. It is impossible to list all possible values of a continuous variable and count the frequency of each value. Therefore, we construct frequency distributions and histograms for continuous variables by grouping the values into a finite number of classes and determining the frequency (or relative frequency) of each class. NOTE: Discrete variables with a large number of possible values may be summarized in the same fashion as continuous variables, i.e., the values may be grouped into classes. (Relative) Frequencyofdistribution EXAMPLE: Five-Year Compensation Selected Fortune 30 CEOs Quantitative continuous variable Too many values (and gaps) to make a frequency distribution or histogram with a frequency for each value. 5-year compensation of Fortune 30 CEOs Raw data 40.3 95.2 53.8 1.5 38.8 55.3 110.0 5.8 173.6 130.2 127.8 117.5 120.5 26.5 53.4 25.8 44.7 37.6 45.6 14.1 Sorted data 1.5 5.8 14.1 25.8 26.5 37.6 38.8 40.3 44.7 45.6 53.4 53.8 55.3 95.2 110.0 117.5 120.5 127.8 130.2 173.6 Defining classes of equal width Lower class limits are shown here (e.g., 0.0, 25.0, 50.0, etc.) Min value MAT 141 (Sullivan 3e) - 2.1-2.2 Slide 28 1.5 Max value 0.0 25.0 50.0 75.0 100.0 125.0 150.0 175.0 [ )[ )[ )[ )[ )[ )[ ) Class width Difference between consecutive lower (or upper) class limits. 75.0 – 50.0 = 25.0 GHK 01/2012 173.6 Every data value lies in exactly one class Class 1 includes the values 0.0, 0.1, 0.2, … , 24.9 Class 2 includes the values 25.0, 25.1, 25.2, … , 49.9 Class limits are the lowest and highest values in each class (e.g., 25.0 and 49.9). MAT 141 (Sullivan 3e) - 2.1-2.2 Slide 30 geoffrey.krader@morton.edu GHK 01/2012 kradermath.jimdo.com 01/2014 MAT 141 – Statistics Section 2.2 (Sullivan 4e) Page 5 How to Construct a Grouped Frequency Distribution for a Quantitative Continuous Variable: First, define the classes: Make a list of the observed values. Sort the list (manually or using technology) to determine the minimum and maximum values. Choose an interval on the number line that includes all the observed values of the variable. o The interval may extend to the left of the minimum value and/or to the right of the maximum value. Divide the interval into categories or classes of equal width. Each observed value must clearly fall into exactly one of the classes. o The classes must cover all the observed data values. o The classes must not overlap (e.g., 50-60, 60-70, etc., are not valid classes, because the value “60” does not fall into a single class). o There should be no gaps between the classes, even if there are gaps in the observed values (e.g., 50-57, 60-69, etc., are not valid classes because there is a gap between 57 and 60). o Use common sense in defining the classes. For example, there should not be too many or too few classes (the “right” number depends on the data, though 5-15 classes is often reasonable). The class limits are the highest and lowest values within each class. The class width is the difference between adjacent lower (or upper) class limits. o Choose class limits that are easy to work with (e.g., if you were describing test scores, the classes might be 50-59, 60-69, etc.). o If the classes are 50-59, 60-69, etc., then the class width is 60 – 50 = 10 (not 59 – 50 = 9). Open-ended classes (e.g., “below 50”, “90 and above”) are sometimes used at either end of the interval. If open-ended classes are used, they may have different widths than the other classes. After the classes have been defined: Count the frequency (i.e., number of occurrences) of the values in each class. For a relative frequency distribution, determine the proportion of the total observations represented by each class. o The proportions must add up to 1 (except for rounding error). How to Construct a Histogram for a Quantitative Continuous Variable: Divide the horizontal axis into classes, as defined above. o Do not skip any classes, even if their frequency is zero. Draw one bar per class. o The height of each bar corresponds to the frequency or relative frequency of each class. o The width of each bar is the same as the class width (even if you have openended classes, draw all bars with equal width). o Do not leave any gaps between the bars, unless there are classes whose frequency is zero. geoffrey.krader@morton.edu kradermath.jimdo.com 01/2014 MAT 141 – Statistics Section 2.2 (Sullivan 4e) Page 6 EXAMPLE: Five-Year Compensation of Selected Fortune 30 CEOs (cont’d) Histogram Quantitative continuous variable Bars have equal widths. No gaps between bars unless there are values with frequency = 0. Frequency and relative frequency distribution Class 0.0 24.9 25.0 49.9 50.0 74.9 75.0 99.9 100.0 - 124.9 125.0 - 149.9 150.0 - 174.9 Freq. 3 7 3 1 3 2 1 Rel. Freq. 0.15 0.35 0.15 0.05 0.15 0.10 0.05 Lower class limits shown on left side of each bar. 0.0 25.0 50.0 75.0 100.0 125.0 150.0 MAT 141 (Sullivan 4e) - 2.2 Slide 10 175.0 GHK 01/2014 Using the TI-83/84 Calculator to Draw Histograms Histogram Quantitative continuous variable Class 0.0 24.9 25.0 49.9 50.0 74.9 75.0 99.9 100.0 - 124.9 125.0 - 149.9 150.0 - 174.9 Freq. Rel. Freq. 3 0.15 7 0.35 3 0.15 1 0.05 3 0.15 2 0.10 1 0.05 10 Frequency Frequency and relative frequency distribution Image from TI Calculator Screen. (Labels were added manually.) 0.0 25.0 50.0 75.0 100.0 125.0 150.0 175.0 5-Year Compensation ($M) MAT 141 (Sullivan 4e) - 2.2 Slide 11 geoffrey.krader@morton.edu GHK 01/2014 kradermath.jimdo.com 01/2014 MAT 141 – Statistics Section 2.2 (Sullivan 4e) Page 7 Determining the “Right” Number of Classes The “right number” of classes is the number of classes that best conveys your message The “right” number of classes is the number of classes that best conveys your message. Too many classes may provide too much detail, which may obscure the message Too few classes may not provide enough detail. 4 classes 0.0-199.9 Width = 50 6 classes 0.0-179.9 Width = 30 7 classes 0.0-174.9 Width = 25 12 classes 0.0-179.9 Width = 15 How does each of the four histograms describe the data? MAT 141 (Sullivan 4e) - 2.2 Slide 12 GHK 01/2014 Visit: www.rossmanchance.com/applets/Histogram.html for an app which shows how the class width affects the shape of the histogram. geoffrey.krader@morton.edu kradermath.jimdo.com 01/2014 MAT 141 – Statistics Section 2.2 (Sullivan Frequency 4e) (Relative) distribution EXAMPLE: Age of Fortune 30 CEOs Quantitative continuous variable Page 8 Age of Fortune 30 CEOs Raw data The range includes 30 possible values: 60 58 54 64 52 55 80 62 51 65 57 51 55 54 52 64 67 59 56 63 51, 52, 53, … ,79, 80 58 58 57 64 60 57 64 75 60 61 Choose 6 classes with a class width of 5. 51-55 56-60 etc. Sorted data 51 51 52 52 54 54 55 55 56 57 57 57 58 58 58 59 60 60 60 61 62 63 64 64 64 64 65 67 75 80 MAT 141 (Sullivan 4e) - 2.2 Slide 13 GHK 01/2014 Histogram Quantitative continuous variable Class 51 - 55 56 - 60 61 - 65 66 - 70 71 - 75 76 - 80 Freq. 8 11 8 1 1 1 Rel. Freq. 0.27 0.37 0.27 0.03 0.03 0.03 Relative Frequency Frequency and relative frequency distribution Bars have equal widths. No gaps between bars unless there are values with frequency = 0. Lower class limits 51 shown on left side of each bar. “right number” The 56 61 66 71 76 81 of classes is the number of classes that best conveys your message MAT 141 (Sullivan 4e) - 2.2 Slide 14 5 classes 51-80 Width = 6 GHK 01/2014 6 classes 51-80 Width = 5 MAT 141 (Sullivan 3e) - 2.1-2.2 Slide 38 geoffrey.krader@morton.edu 8 classes 51-82 Width = 4 8 classes 50-81 Width=4 GHK 01/2012 kradermath.jimdo.com 01/2014 MAT 141 – Statistics Section 2.2 (Sullivan 4e) Page 9 EXAMPLE: Age of Fortune 30 CEOs (cont’d) How does each of the four histograms describe the data? Summary: Frequency Distributions and Histograms for Quantitative Variables Type of Quantitative Variable Discrete variable with a relatively small number of different values. Discrete variable with a large number of different values. Continuous variable. geoffrey.krader@morton.edu Type of Frequency Distribution and Histogram Ungrouped (i.e., each bar is associated with a specific value). Grouped (i.e., values are grouped into classes of equal width and each bar is associated with a specific class). kradermath.jimdo.com 01/2014 MAT 141 – Statistics Section 2.2 (Sullivan 4e) Page 10 Stem-and-Leaf Plots Stem-and-leaf plots are similar to histograms but they preserve the raw data values. Because the “leaf” is usually the last digit in the observed value, the class width is often 10. EXAMPLE: Players’ Weights – 2005 Chicago Bears A histogram tells us how many players are in each weight class, but we do not know the specific values within each class. Histogram Quantitative Continuous Variable 2005 Chicago Bears 12 Frequency 10 8 6 4 2 0 175 200 225 250 275 300 325 350 375 Weight (lbs.) MAT 141 (Sullivan 3e) - 2.1-2.2 Slide 41 GHK 01/2012 Stem-andleaf plot Stems Multiple occurrences of the same value are repeated Histogram Class width = 10 18 0 0 1 5 6 7 19 2 2 5 5 6 20 0 5 7 21 0 2 7 8 22 0 0 3 3 8 23 5 5 8 8 24 0 2 25 3 4 8 26 0 0 2 5 27 2 4 5 28 2005 Chicago Bears Player’s Weights (lbs.) MAT 141 (Sullivan 4e) - 2.2 Slide 19 A stem-and-leaf plot preserves the data values. This stemand-leaf plot is similar to a histogram with a class with of 10. Leaves 29 2 30 0 0 0 0 2 31 5 8 8 8 32 0 33 0 Data values: 272, 274, 275 34 35 5 GHK 01/2014 How to Construct a Stem-and-Leaf Plot for a Quantitative Variable: Sort the observed values from highest to lowest. Choose the stem (generally all digits except the right-most digit). List the remaining digit(s) in ascending order as leaves. geoffrey.krader@morton.edu kradermath.jimdo.com 01/2014 MAT 141 – Statistics Section 2.2 (Sullivan 4e) Page 11 EXAMPLE: All-in-One Printers – Text Cost Per Page When the data are rounded to one decimal place (i.e., tenths), the leaves represent the tenths digit. Thus, the stem and leaf plot is similar to a histogram with a class with of 1.0. Stem and leaf plot Text cost per page (cents) All-in-one inkjet printers rated by Consumer Reports, December 2010 0 9 1 1 1 2 1 6 7 7 Multiple occurrences of the same value are repeated 3 0 1 1 2 3 4 5 5 6 9 4 2 4 4 5 5 5 5 5 6 7 7 8 8 8 8 8 9 9 5 0 1 2 3 3 4 7 7 6 0 0 1 2 3 4 5 6 7 1 8 Data values: 7.1, 7.8 8 3 Stems Leaves 9 10 11 MAT 141 (Sullivan 4e) - 2.2 Slide 20 12 6 GHK 01/2014 What observations can you make about the cost of printing a page of text? Stem and leaf plot Sorted data 51 51 52 52 54 54 55 55 56 57 57 57 58 58 58 59 60 60 60 61 62 63 64 64 64 64 65EXAMPLE: 67 75 80 Age of Fortune 30 CEOs Each stem may be split into an upper and a lower stem to avoid bunching the data into just a few categories. Age of Fortune 30 CEOs We can split each stem into two stems to avoid bunching the data into just a few categories. 5 1 1 2 2 4 4 5 5 5 6 7 7 7 8 8 8 9 60-64 6 0 0 0 1 2 3 4 4 4 4 65-69 6 5 7 7 7 5 Data values: 65, 67 8 0 AT 141 (Sullivan 3e) - 2.1-2.2 de 45 GHK 01/2012 geoffrey.krader@morton.edu kradermath.jimdo.com 01/2014 MAT 141 – Statistics Section 2.2 (Sullivan 4e) Page 12 Back-to-Back Stem-and-Leaf Plots A back-to-back stem-and-leaf plot allows us to compare two different data sets. The number of observations should be roughly the same in the two data sets so any difference in the shape of the plots is due to different data distributions, not a different number of Back-to-back stem and leaf plot can be observations. used to compare two data sets EXAMPLE: Ages at Death of US Presidents and Vice Presidents Who live longer – US Presidents or Vice Presidents? Vice Presidents of the US (N=41) Presidents of the US (N=38) 4 69 77541 5 36678 887666643200 6 003344567778 98877643211000 7 0112347889 853110 8 01358 8630 9 0033 People who served in both positions (e.g., Nixon, Ford) are shown twice. MAT 141 (Sullivan 3e) - 2.1-2.2 Slide 45 GHK 01/2012 What observations can you make about the life expectancy of US presidents and vice presidents? Is there a difference in life expectancy between the two offices? geoffrey.krader@morton.edu kradermath.jimdo.com 01/2014 MAT 141 – Statistics Section 2.2 (Sullivan 4e) Page 13 Shape of a Data Distribution The distribution of a variable describes how the values of the variable (i.e., the data) vary, e.g.: What values does the variable assume? Which values occur more frequently? Less frequently? Different variables have different distributions, e.g.: Height of students in this class. Height (length) of newborn children. Odometer readings of cars in the parking lot. The shape of a histogram can tell us a lot about a variable’s data distribution. What does each shape tell us about the data distribution? Common data distributions Common data distributions Uniform or rectangular Normal or bell-shaped Uniform or rectangular Normal or bell-shaped (Right) skewed Bi-modal MAT 141 (Sullivan 3e) - 2.1-2.2 Slide 47 (Right) skewed MAT 141 (Sullivan 3e) - 2.1-2.2 Slide 47 geoffrey.krader@morton.edu GHK 01/2012 Bi-modal GHK 01/2012 kradermath.jimdo.com 01/2014 MAT 141 – Statistics Section 2.2 (Sullivan 4e) Page 14 Shape of a Data Distribution (cont’d) Which distributions are more or less symmetrical? What does that tell you about the data distribution? NOTE: These shapes are not used to describe bar charts of qualitative variables, because the bars can often be arranged in any order. EXAMPLE: Data Distributions Identify the shape of the following data distributions and describe what the shape tells you about the data distribution. Five-Year Compensation of Selected Fortune 30 CEOs (page 6). All-in-One Printers – Text Cost Per Page (page 11). geoffrey.krader@morton.edu kradermath.jimdo.com 01/2014 MAT 141 – Statistics Section 2.2 (Sullivan 4e) Page 15 Time Series Graphs A time series graph shows the value of a quantitative variable over a period of time. The time intervals depend on the data (e.g., years, months, days, etc.). Time Series Graph EXAMPLE: Average Life Span in US Average Life Span in US Year 90.0 Life Span (yrs) 80.0 70.0 60.0 Men 50.0 40.0 30.0 Male Life Span Female Life Span 1907 45.6 49.9 1927 59.0 62.1 1947 64.4 69.7 1967 67.0 74.3 1987 71.4 78.3 2007 75.1 79.7 20.0 10.0 0.0 1907 1927 1947 1967 1987 2007 Year Source: AARP (March/April 2007) What observations can you make about the average life span of men in the US during the 20th century? MAT 141 (Sullivan 3e) - 2.1-2.2 Slide 52 GHK 01/2012 How to Construct a Time Series Graph Collect the data over a period of time. List the data in chronological order. Label the time intervals on the horizontal axis. o Equal time intervals should have equal widths, despite the number of observations. For example, if there were three observations in the 1980s and eight observations in the 1990s, the intervals for each decade would still have the same width on the horizontal axis. Plot a point for each observation. The x-coordinate represents the time of the observation and the y-coordinate represents the value of the variable at that time. Use line segments to connect the points. Do not attempt to smooth the graph. EXAMPLE: Temperatures Draw a rough time series graph to show average daily high temperatures in Chicago over a one-year period. geoffrey.krader@morton.edu kradermath.jimdo.com 01/2014 MAT 141 – Statistics Section 2.2 (Sullivan 4e) Page 16 A time-series graph is EXAMPLE: Temperatures (cont’d) not a histogram and it does not describe a data distribution! A time-series graph shows how a variable changes over time. This is not a bell-shaped distribution … in fact it’s not even a distribution! Source: chicagonow.com, January 27, 2013. MAT 141 (Sullivan 4e) - 2.2 Slide 28 GHK 01/2014 NOTE: Do not confuse a time series graph with a histogram. A time series graph describes a This histogram describes the distribution variable over time – not a data distribution – and, therefore, it is not classified as uniform, bellshaped, etc. of temperatures on January 1 A histogram shows the data distribution, i.e., how often each value of the variable occurs. 0 10 20 30 40 50 60 70 Source: www.crh.noaa.gov MAT 141 (Sullivan 4e) - 2.2 Slide 29 GHK 01/2014 Distinguishing Between Time-Series Graphs and Histograms Function x-axis (Horizontal) y-axis (Vertical) Time-Series Graphs Shows how the value of a variable changes over time. Time of observation Values of the variable geoffrey.krader@morton.edu Histograms Shows the data distribution, i.e., how often each value of the variable occurs. Values of the variable Frequency or relative frequency of each value. kradermath.jimdo.com 01/2014 MAT 141 – Statistics Section 2.2 (Sullivan 4e) Page 17 Compound Time-Series Graphs A compound time series graph shows the value of more than one variable over a period of Compound Time Series Graph time. Life Span (yrs) Average Life Span in US 90.0 80.0 70.0 60.0 50.0 40.0 30.0 20.0 10.0 0.0 1907 Year Women Men 1927 1947 1967 1987 2007 Male Life Span Female Life Span 1907 45.6 49.9 1927 59.0 62.1 1947 64.4 69.7 1967 67.0 74.3 1987 71.4 78.3 2007 75.1 79.7 Year Source: AARP (March/April 2007) What observations can you make about the average life span of men and women in the US during the 20th century? MAT 141 (Sullivan 3e) - 2.1-2.2 Slide 53 GHK 01/2012 EXAMPLE: College Tuition Time series graphs are sometimes drawn with vertical bars. There is one bar for each observation, and the height of the bar represents the value of the variable. geoffrey.krader@morton.edu kradermath.jimdo.com 01/2014 MAT 141 – Statistics Section 2.2 (Sullivan 4e) Page 18 EXAMPLE: College Tuition (cont’d) Use the compound time-series graph below to answer the following: Which has increased more: public or private college tuition? Which has increased by a larger percentage: public or private college tuition? Compound Time-Series Graph Private Public Source: trends.collegeboard.org/college_pricing MAT 141 (Sullivan 4e) - 2.2 Slide 33 Academic Year 1981-82 1982-83 1983-84 1984-85 1985-86 1986-87 1987-88 1988-89 1989-90 1990-91 1991-92 1992-93 1993-94 1994-95 1995-96 1996-97 1997-98 1998-99 1999-00 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 Private Public Nonprofit Four-Year Four-Year $2,242 $10,144 $2,389 $10,749 $2,596 $11,518 $2,665 $12,058 $2,762 $12,828 $2,917 $13,737 $2,948 $13,992 $3,008 $15,260 $3,080 $15,733 $3,306 $16,182 $3,495 $16,276 $3,753 $16,800 $3,966 $17,221 $4,118 $17,841 $4,164 $18,097 $4,281 $18,698 $4,379 $19,404 $4,495 $20,362 $4,556 $21,031 $4,586 $21,013 $4,793 $22,117 $5,141 $22,655 $5,706 $23,280 $6,114 $23,910 $6,350 $24,257 $6,443 $24,766 $6,715 $25,754 $6,770 $25,859 $7,396 $27,412 $7,889 $28,254 $8,244 $28,500 GHK 01/2014 01/2012 Normalized Time-Series Graph In a normalized time-series graph, the y-coordinate represents the following ratio: Thus the initial y-coordinate is 1. A y-coordinate of 3 would indicate an observed value that is 3 times the initial value. geoffrey.krader@morton.edu kradermath.jimdo.com 01/2014 MAT 141 – Statistics Section 2.2 (Sullivan 4e) Page 19 EXAMPLE: College Tuition Normalized Compound Time-Series Graph Academic Year 1981-82 1982-83 1983-84 1984-85 1985-86 1986-87 1987-88 Public Private To normalize, divide each data point by the starting value (i.e., $2,242 or $10,144) Source: trends.collegeboard.org/college_pricing MAT 141 (Sullivan 4e) - 2.2 Slide 34 1988-89 1989-90 1990-91 1991-92 1992-93 1993-94 1994-95 1995-96 1996-97 1997-98 1998-99 1999-00 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 Private Public Nonprofit Four-Year Four-Year 1.00 1.00 1.07 1.06 1.16 1.14 1.19 1.19 1.23 1.26 1.30 1.35 1.31 1.38 1.34 1.37 1.47 1.56 1.67 1.77 1.84 1.86 1.91 1.95 2.00 2.03 2.05 2.14 2.29 2.55 2.73 2.83 2.87 3.00 3.02 3.30 3.52 3.68 1.50 1.55 1.60 1.60 1.66 1.70 1.76 1.78 1.84 1.91 2.01 2.07 2.07 2.18 2.23 2.29 2.36 2.39 2.44 2.54 2.55 2.70 2.79 2.81 GHK 01/2014 Which has increased by a larger percentage: public or private college tuition? geoffrey.krader@morton.edu kradermath.jimdo.com 01/2014