Numeracy and Data Analysis

Numeracy and data analysis

Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
1. Arrangement of the data in a table format............................................................................3
Presentation of the data using any two types of charts................................................................3
Calculation of followings:............................................................................................................4
Linear forecasting model which is y = mx + c in order to do below mentioned calculations:....7
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................10

INTRODUCTION
Data analysis is a retrieval and data gathering tool that allows us to obtain useful
information. In other terms, data analyses are meant mainly to explore what data is interpretable,
as it seeks to inform us this report deals more with gathering data, where data is related to the
collection of bills in various months (Landtblom, 2018). The project report often includes a
vitally significant range of calculations, like average, standard, median and forecast. With the
help of liner regression analysis bill values for future dates are calculated.
MAIN BODY
1. Arrangement of the data in a table format.
Month Type of bill Amount (in ‘00 pounds)
January or 1 Electricity bill 12
February or 2 Electricity bill 18
March or 3 Electricity bill 17
April or 4 Electricity bill 17
May or 5 Electricity bill 16
June or 6 Electricity bill 11
July or 7 Electricity bill 22
August or 8 Electricity bill 17
September or 9 Electricity bill 23
October or 10 Electricity bill 20
Presentation of the data using any two types of charts.
Line chart: It is basically a sort of chart in which a line is prepared along the dot points of the
gathered value. This help in easy analyzing the pattern of data weather it is decreasing of
increasing in the respective time manner. In the context of above gathered data for 10 bills below
is the line chart of 10 months:

Electricity bill
Electricity bill
Electricity bill
Electricity bill
Electricity bill
Electricity bill
Electricity bill
Electricity bill
Electricity bill
Electricity bill
Januar
y or 1 Februa
ry or 2 March
or 3 April
or 4 May
or 5 June
or 6 July or
7 August
or 8 Septe
mber
or 9
Octob
er or
10
0
10
20
12 18 17 17 16 11
22 17 23 20
Amount (in ‘00 pounds)
Amount (in ‘00 pounds)
Bar chart: It is a type of chart of graph which is mainly prepared to demonstrate the value of any
variables in the rectangular bars which are proportionate to the height and distance to the other
values. Bar in the chart can be horizontal or vertical depending upon the size of gathered
information (Beyer, 2019).