Qrb 501 Dq1-Week 3 Discussion Question

DQ1-Week 3: Please respond to this discussion question by Thursday (Day 3):Why are graphs and charts used to represent information? What distinguishes a histogram from a bar chart? What are some examples of grouped and ungrouped data? What would be the most appropriate graphical representation to show the dispersion of new home prices in a particular area? Why?Data on its face can be hard to discern nuances of underlying data. When placed in a graph the data comes alive so to speak generating a graphic story of the explicit data. {x| Y=x2 } says very little to the reader unfamiliar with math notation, however a graph of real numbers for x illustrates a wine glass look that becomes familiar. In data graphing for business the simple graphs show empirically what the data desires to say such as in data of revenues over a five year period. If it is rising and it is graphed not only can the story be told in a meaningful way, but a sense of future growth can be inferred and that story shown to a global audience with meaning.A bar chart is simply data relating to some variable, say monthly insurance expenses. A histogram is