Statistics is a unique and exemplary branch of Mathematics. People aspire to learn about this branch. The basic purpose of statistics is to represent data in a constructive and creative manner. The data representation can be used to find certain values which would otherwise require a lot of mathematical calculation. Statistics can easily solve very complex problems. It has wide-range applications such as computing the mean, median and mode. This is just the basic highlight of statistics. It has many more wonderful applications. It is a very intriguing part of Mathematics. This is because of the vivid nature and variety of the subject. Statistics is also applied in economics, research and in my different fields like the weather forecast. Wherever data is to be represented, you need to take the help of statistics. One of the major examples which explain how statistics works are the line graph.
Line graph includes plotting data in two different axes, the vertical y-axis and the horizontal x-axis and then shows how the represented data are related to each other. The line graph is the most basic graph of them all. It is through this graph that students enter into the world of statistics. Since this is the base of statistics, it is critical to be attentive while grasping the basic concepts. If you don’t develop clarity regarding the basic conventions then it will be very difficult to proceed in the world of statistics. It is by the use of the line graph that we are taught how to determine mean, median and mode. After getting comfortable with the basics of statistics, students are taught the bar chart and the other complex graphical problems. Here, we will be discussing in detail all the conventions of the line graph.
Major Basics of Line Graph:
- Construction: The line graph consists of two different axes. The horizontal one is defined as the x-axis and the vertical one is called the y-axis. Data is plotted with respect to the mentioned axes and then the relation between the two variables is represented in the form of a line. Multiple data are represented on the graph sometimes to compare certain values. Line graphs are used for comparison because they are quite easy to draw and have the capability of delivering accurate cases. One of the major components of the graph is a scale which gives us information regarding the number of units represented on the respective axes
- Uses: The line graph is used to determine the relationship between certain data and can also be used to show how data varies with respect to time. Line graph helps us with certain data trends. An analyst can collect data faster if it shows the trend. This is the reason why analysts mostly look at the data trends rather than looking at just plain data. This also signifies the importance of line graphs. They are used in all multinational companies while holding seminars or in meetings. Line graphs are also used to represent data at certain workstations or research organisations. Line graphs play a vital role in finance sectors and the stock market. They are used as a perfect tool to show the change in the market value of a stock with a definite time period. All big investors seek the help of line charts or line graphs in order to analyse a certain stock
Here, we have discussed in detail all the important information related to line graphs. We have also discussed the benefits and uses of the line graph. It is very important to study line graphs very attentively and it is equally important to be very careful while drawing a line graph because one small mistake can cause a massive variation in the trend. Students can seek assistance from Cuemath, an online platform designed for explaining Maths and coding related topics. Many students have cleared their doubts with the help of this platform. Even teachers look up to this platform in order to improvise their ways of teaching. We hope that this article plays a vital role in explaining the importance of the line graph to you.
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Review Line Graph – The Base of Statistics.