Question

consider when you might use a scatterplot versus a histogram. What kinds of variables lend themselves...

consider when you might use a scatterplot versus a histogram. What kinds of variables lend themselves to each representation type? What business applications are best suited to each means of representation?

Homework Answers

Answer #1

Scatter Plot:

  • Scatter plot is used to determine the relationship between two variables (say, X and   Y), which means this gives the idea about how much variable affects the other.
  • It can be used either on discrete or continuous variable.
  • It is mainly used by researchers in various field like medical, industry etc.

Histogram:

  • This tell about the distribution of variable and variation in data.
  • The histogram is used for variables whose values are numerical and measured on an interval scale.
  • It is mainly used in official statistics to display the grouped data in various reports.
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