Write a paragraph on this bar graph with 200 words
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Answer:
A bar graph is a chart that plots data using rectangular bars or columns (called bins) that represent the total amount of observations in the data for that category. Bar charts can be displayed with vertical columns, horizontal bars, comparative bars (multiple bars to show a comparison between values), or stacked bars (bars contain multiple types of information).
Bar graphs are commonly used in financial analysis for displaying data. A stock volume chart is a commonly used type of vertical bar graph. A histogram is an example of a bar graph used in statistical analysis that depicts a probability distribution in some data or sample.
KEY TAKEAWAYS
Bar graphs can be created to show data in multiple, highly visual ways.
Bar graphs have an x- and y-axis and can be used to showcase one, two, or many categories of data.
Data is presented via vertical or horizontal columns.
The columns can contain multiple labeled variables (or just one), or they can be grouped together (or not) for comparative purposes.
Understanding a Bar Graph
The purpose of a bar graph is to convey relational information quickly as the bars display the quantity for a particular category. The vertical axis of the bar graph is called the y-axis, while the bottom of a bar graph is called the x-axis.
When interpreting a bar graph, the length of the bars/columns determines the value as described on the y-axis.
The x-axis could be any variable, such as time, or the category that is being measured, such as earnings per share (EPS), revenue, and/or cash flow. In trading, bar graphs are often used to depict trading volume and will appear in a panel below a security's price chart.
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