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Chapter 2: Graphs, Charts, and Tables--Describing Your Data

Chapter 2: Graphs, Charts, and Tables--Describing Your Data

Chapter 2: Graphs, Charts, and Tables--Describing Your Data

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72 CHAPTER 2 • GRAPHS, CHARTS, AND TABLES—DESCRIBING YOUR DATA<br />

FIGURE 2.17A<br />

Excel 2007 Output<br />

Showing McGregor<br />

Line <strong>Charts</strong><br />

To overcome this problem, the financial manager needed to construct his graph using<br />

two scales, one for each variable. Figure 2.19 shows the improved graph. We can now<br />

clearly see that although sales are moving steadily higher, profits are headed downhill. For<br />

some reason, costs are rising faster than revenues, <strong>and</strong> this graph should motivate<br />

McGregor Vineyards to look into the problem.<br />

Excel 2007 Instructions:<br />

1. Open file: McGregor.xls.<br />

2. Select the Sales (dollars)<br />

data to be graphed.<br />

3. On the Insert tab, click<br />

the Line chart.<br />

4. Click the Line with<br />

Markers option.<br />

5. Use the Layout tab in the<br />

Chart Tools to remove<br />

the Legend, change the<br />

Chart Title, add the Axis<br />

Titles, <strong>and</strong> remove the<br />

grid lines.<br />

6. Repeat Steps 2–5 for the<br />

Profit data.<br />

Sales Increasing<br />

but Profits<br />

Decreasing<br />

FIGURE 2.17B<br />

Minitab Output<br />

Showing McGregor<br />

Line <strong>Charts</strong><br />

Minitab Instructions:<br />

1. Open file: McGregor.MTW.<br />

2. Choose Graph > Times<br />

Series Plot.<br />

3. Select Simple.<br />

4. Click OK.<br />

5. In Series enter Sales <strong>and</strong> Profit columns.<br />

6. Select Multiple <strong>Graphs</strong>.<br />

7. Under Show Graph Variables, select In<br />

separate panels of the same graph.<br />

8. Click OK. OK.

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