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Understand the significance of charts & graphs in business, learn why they are crucial, examples of use, parts, data series, gridlines, ticks, legends, & more.
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Chart Components 4.02 Understand charts and graphs used in business.
Why do you need to learn about charts? • Why might you use a chart to present spreadsheet information? • What does a chart do that a spreadsheet does not? 4.02 Understand charts and graphs used in business
Data Series Is it a chart or a graph? • A graph is a feature of a chart used to plot data. • The chart is the total package that includes the title, value labels, and legend. 4.02 Understand charts and graphs used in business
Examples of business uses of charts • To represent sales trends within the different departments of a store. • To represent the contribution of individual employee sales to the total sales for a company. • To represent the percent of each expense to total expenses. • To explain stock price fluctuations to stock holders. 4.02 Understand charts and graphs used in business
Data Marker Y-Axis X-Axis Components of Graphs and Charts • Y- axis - the left vertical side; it contains the numerical data. • X-axis - the bottom horizontal side; it contains the category information. • Data markers -represent values. 4.02 Understand charts and graphs used in business
Data Series Data Series • A collection of related values from the worksheet; one row/column on the spreadsheet. 4.02 Understand charts and graphs used in business
Gridline Gridline • Horizontal or vertical line that extends across the plot area of the graph to make it easier to read and understand the values. 4.02 Understand charts and graphs used in business
Plot Area Plot Area • The rectangular area bound by the category and values axes. 4.02 Understand charts and graphs used in business
Tick Marks Tick Mark • Used to add clarification to the data categories. 4.02 Understand charts and graphs used in business
Legend Legend • The object that explains the symbols, colors, or patterns used to differentiate the data. 4.02 Understand charts and graphs used in business
Data Labels Data Label • Single value or piece of data from the data series. 4.02 Understand charts and graphs used in business
Title Chart Title • Describes the purpose and content. 4.02 Understand charts and graphs used in business
Axis Titles Axis Titles • Describe the x and y axis data. 4.02 Understand charts and graphs used in business
2. 1. 5. 3. 4. 7. 6. 10. 9. 8. Now it’s your turn! See if you can identify all of the components and describe their functions. 4.02 Understand charts and graphs used in business
2. 1. 5. 3. 4. 7. 6. 10. 9. 8. How’d you do? 1. Data Series 2. Chart Title 3. Y Axis Labels 4. Data Labels 5. Plot Area 6. Gridline 7. Legend 8. X Axis Labels 9. X Axis Title 10. Tick Mark 4.02 Understand charts and graphs used in business
Embedded vs. Separate • An embedded chart is one that appears on the same sheet as the worksheet it represents. • A separate chart is one that does not appear on the same sheet as the worksheet it represents. 4.02 Understand charts and graphs used in business
Linked Chart • A linked chart is one that will change to reflect changes made to the spreadsheet it represents. 4.02 Understand charts and graphs used in business