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Art and Science of Graphical Presentations Statistics for Management and Economics Chapter 3.

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Presentation on theme: "Art and Science of Graphical Presentations Statistics for Management and Economics Chapter 3."— Presentation transcript:

1 Art and Science of Graphical Presentations Statistics for Management and Economics Chapter 3

2 Objectives “Graphical Excellence” “Graphical Deception” Presenting Statistics: Written Reports and Oral Presentations

3 I love this one…

4 I have a great subject [statistics] to write upon, but feel keenly my literary incapacity to make it easily intelligible without sacrificing accuracy and thoroughness. -Sir Francis Galton

5 “Graphical Excellence” 1) Large data sets are presented concisely and coherently. Source: www.nsf.gov. National Science Foundation, Division of Science Resources Statisticswww.nsf.gov Information Cards: Science and Engineering Indicators 2004 NSB 04-01B (Arlington, VA).

6 “Graphical Excellence” 2) The message being presented by the chart is clear. Source: National Training Center’s pyramid graph of Average Learning Retention Rates

7 “Graphical Excellence” 3) The comparison of two or more variables is aided.

8 “Graphical Excellence” 4) The substance of the data, not the form of the graph is prominent.

9 “Graphical Excellence” 5) There is no distortion of the data and findings. Source: Norton. How to Lie with Statistics. Darrell Huff, 1954

10 “Graphical Deception” Graphical techniques create a visual impression, which is easy to distort, therefore… It is VERY important be able to critically evaluate graphically presented information. Be wary of graphs without a scale on one axis. Understand the information being presented: absolute values? relative values (e.g. percentages, deltas)? Are the horizontal or vertical axes distorted in any way?

11 Graphical Deception

12 Graphical Displays

13 Graphical Displays: The Pictograph

14 Graphical Displays

15

16 What’s wrong with this graph?

17 Written Reports and Oral Presentations Know Your Audience A report will be more “wordy” and less pictorial than an oral presentation In an oral presentation, you are usually looking to get your point across in a brief amount of time Know Your Audience


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