Numeracy and Data Analysis

Numeracy and data analysis

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................2
1. Arranging the data of money spend on transport in tabular format.........................................2
2. Presenting the data in a visual format......................................................................................2
3. Describing the data set for descriptive statistics......................................................................2
4. Calculating y = mx + c through linear forecasting model.......................................................6
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
In the current times, business as well as analyst uses different statistics in order to derive
the suitable results. Similarly, the present study also highlights the importance of data analysis
and numeracy which assist to make better decision. Moreover, the statistical tool also entails the
summary of different data set and as a result assist to gain better outcomes as well. The present
study is based upon the money spend on transport by an individuals, for that different tools will
be applied which includes mean, median, mode and range. Moreover, the study will also provide
deeper insights about the money spend on transport with regard to month 14 and 16.
1. Arranging the data of money spend on transport in tabular format
Month Spending on transport (£)
January 150
February 175
March 165
April 200
May 230
June 165
July 155
August 150
September 125
October 190
2. Presenting the data in a visual format
Column chart