Exhibit 1
Total Health Expenditure per Capita, U.S. and Selected Countries, 2008
Source: Organisation for Economic Co-operation and Development (2010), “OECD Health Data”, OECD Health Statistics (database). doi: 10.1787/data-00350-en (Accessed on 14 February 2011).Notes: Data from Australia and Japan are 2007 data. Figures for Belgium, Canada, Netherlands, Norway and Switzerland, are OECD estimates. Numbers are PPP adjusted.
This picture shows a Pareto Chart; a bar graph with the bars arranged in frequency order. Data at the nominal level of measurement.
Yes, it makes sense, easy to interpret, is organized, and is definitely straight to the point.
I believe this was the best way to present this data. They could have used a regular bar graph, but this Pareto Chart looks more organized and gets straight to the point especially with the different color for the United States. They also could have used a stem-and-leaf plot or a dotplot, but I think these all could have been easily misunderstood or even misinterpreted.
The numbers along the vertical axis clearly indicate the scale, the numbers line with the “tick marks,” and there is a label present that describes the variable shown on the vertical axis. The categories/countries are clearly indicated along the horizontal axis, there are tick marks present on each side of the bars to make it easier to read. However, there is no label present on the horizontal axis, perhaps because it is self-explanatory.
Yes, the graph
Performance Chart (P-chart) is used to count the number of defects. Often a company’s production method can be sometimes good or defective. The Control Chart (C-chart) is a chart that is used to study the process of changes over time. By using this method I will be able to establish how many defects or issues the manufacturers have encountered. Table of Content Brief Summary 1 Introduction & Problem Description 2 Methodology & Results 3 C-chart Analysis…
Bar charts are appropriate for data, just as histograms are appropriate for data. (*) a. nominal, ratio The Central Limit Theorem states that the distribution of the sample mean ( X ) will be approximately ____________ provided the sample size is ___________.(*) a. normal, large In the time series decomposition procedure using monthly data, the trend line is determined by finding the "best" line through the _____________ data which are determined by _______ (*) c. deseasonalized, dividing Mean:…
chapter’s problems. 13. For each of the following control charts, assume that the process has been operating in statistical control for some time. What conclusions should the operators reach at this point? Ans 13. a) The first control chart shows an out-of-control process with a definite downward trend. The last 4 out of 5 points are below one standard error away from the mean. The process needs adjustment upward. b) The second control chart shows an out of control condition, with the first eight…
equipment, or operator method. A Shewhart control chart can be used to monitor a process and to identify occurrences of assignable causes. There is a high probability that an assignable cause has occurred when a plot point is outside the chart's control limits. By promptly identifying these occurrences and acting to permanently remove their causes from the process, we can reduce process variability in the long run. 4-2. The control chart is mathematically equivalent to a series of statistical…
Measurement by attributes means taking samples and using a single decision—whether the item is good or bad. P charts are used for process control with attribute measurements. Simple statistics are used to create a p chart with an upper process control limit and a lower process limit. The process is assumed to be working correctly when the samples, which are taken periodically during the day, continue to stay between the control limits. The size of the sample must be large enough to allow counting…
population: A population consists of all the members of a group about which you want to draw a conclusion What is a sample: A sample is the portion of the population selected for analysis What is a parameter: A parameter is a numerical measure that describes a characteristic of a population What is a statistic: A statistic is a numerical measure that describes a characteristic of a sample. N.B Statistics are subject to ‘sampling error’ and sampling can only provide an estimate average, so not always…
right, which is confirmed by the normal probability plot below each variable’s histogram. Chart 2.1 Chart 2.2 Chart 2.3 Abalone Rings (i.e. Age): One of the key variables within the dataset is the number of abalone rings, as this is a traditional predictor of age. To better understand the correlation between abalone rings and its physical characteristics, three charts were created to plot rings against volume, density, and weight (each of which were segmented by sex)…
equipment. According to the data presented to me, Shuzworld will save the most money by buying new equipment. While the fixed costs are more, the variable costs don’t compare to that of reconditioning or outsourcing. Below is a copy of the crossover chart showing where each one has its financial advantage over the other. I chose the decision analysis tool breakeven cost volume analysis because the tool allowed for ease of use and also had parameters set up to account for the different types of costs…
weather will be avoided. Phase 4: Chart 3, the histogram of diameters, and Chart 4, the stem-and-leaf display, show that the range is from 0.5072 to 0.5077, which means all cam rollers meet the lower specification of 0.5072 but some exceed the upper specification 0.5075. The mean of the 150 sample diameters’ is 0.5075. The mean diameter equals the upper limit of the diameter. There are 71 cam rollers having a diameter of 0.5075, accounting for 47.3% of all samples; 49 cam rollers have diameter of…
BIT 3414 Review for Exam I. Problems: Ch 1 – single factor, multi-factor productivity Ch 2 - product yield, multistage product yield Ch 3 –p-charts, c-charts, x-bar and R charts, Cp, Cpk, control chart patterns Ch 4 - reliability, system availability Ch 5 – basic queuing model Chapter 1 Definitions of operations Operations as a transformation process inputs (material, machines, labor, management, capital) are transformed into outputs (goods…