30.05.2014 Views

Chapter 2: Graphs, Charts, and Tables--Describing Your Data

Chapter 2: Graphs, Charts, and Tables--Describing Your Data

Chapter 2: Graphs, Charts, and Tables--Describing Your Data

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

72 CHAPTER 2 • GRAPHS, CHARTS, AND TABLES—DESCRIBING YOUR DATA<br />

FIGURE 2.17A<br />

Excel 2007 Output<br />

Showing McGregor<br />

Line <strong>Charts</strong><br />

To overcome this problem, the financial manager needed to construct his graph using<br />

two scales, one for each variable. Figure 2.19 shows the improved graph. We can now<br />

clearly see that although sales are moving steadily higher, profits are headed downhill. For<br />

some reason, costs are rising faster than revenues, <strong>and</strong> this graph should motivate<br />

McGregor Vineyards to look into the problem.<br />

Excel 2007 Instructions:<br />

1. Open file: McGregor.xls.<br />

2. Select the Sales (dollars)<br />

data to be graphed.<br />

3. On the Insert tab, click<br />

the Line chart.<br />

4. Click the Line with<br />

Markers option.<br />

5. Use the Layout tab in the<br />

Chart Tools to remove<br />

the Legend, change the<br />

Chart Title, add the Axis<br />

Titles, <strong>and</strong> remove the<br />

grid lines.<br />

6. Repeat Steps 2–5 for the<br />

Profit data.<br />

Sales Increasing<br />

but Profits<br />

Decreasing<br />

FIGURE 2.17B<br />

Minitab Output<br />

Showing McGregor<br />

Line <strong>Charts</strong><br />

Minitab Instructions:<br />

1. Open file: McGregor.MTW.<br />

2. Choose Graph > Times<br />

Series Plot.<br />

3. Select Simple.<br />

4. Click OK.<br />

5. In Series enter Sales <strong>and</strong> Profit columns.<br />

6. Select Multiple <strong>Graphs</strong>.<br />

7. Under Show Graph Variables, select In<br />

separate panels of the same graph.<br />

8. Click OK. OK.

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!