Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Figure 7-2 Visualization Purposes and Types For each of the following scenarios, list the purpose(s) of the visualization and the type(s) of visualization that would

Figure 7-2

Visualization Purposes and Types

image text in transcribed

For each of the following scenarios, list the purpose(s) of the visualization and the type(s) of visualization that would best fulfill the purpose(s). Justify your choice.

(a) A stock analyst is showing a potential customer how projected returns from various mutual funds will affect the size of retirement savings over time.

b. A tax accountant is showing the CFO how the accumulated effect of asset depreciation differs using Modified Accelerated Cost Recovery System (MACRS) depreciation, straight-line depreciation, accelerated depreciation, and units of production depreciation.

c. A marketing analyst prepares a viz to show which countries present the best opportunity for expansion to increase profits.

d. A corporate accountant is examining how much variability there is in individual customer spending in response to a social media campaign about company advances in social responsibility.

e. A large conglomerate corporation operates businesses in several different industries. The CEO wants to see how much each industry contributes to the overall profits of the corporation.

f. The manager of a movie theater wants to understand how attendance at his movie theater is affected by prices.

Purpose of the Visualization Comparison Correlation Distribution Trend Evaluation Part to Whole L Bar chart Scatterplot Histogram Line chart Pie chart Bullet chart Heatmap Boxplot Area chart Treemap

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Fundamental Principles Of Finance

Authors: Robert Irons

1st Edition

1138477524, 9781138477520

More Books

Students also viewed these Accounting questions