A survey on the average pass percentage achieved by 4 of the top-ranked colleges of a city for 5 different years was conducted to rate the quality of teaching in each of these colleges.
a. Construct a line chart for the time series data for years 1 through 5 showing the average pass percentage in each college. Show the time series for all four colleges on the same graph.
b. What does the line chart indicate about the average pass percentage of the colleges between years 1 through 5? Discuss.
c. Construct a clustered column chart showing average pass percentage in each college using the years 1 through 5 data. Represent the years along the horizontal axis, and cluster the average pass percentages for the four colleges in each year. Which college is leading in each year?
Definitions:
Condensed Income Statements
Simplified financial statements that summarize the revenue, costs, and expenses incurred during a specified period, showing the net income or loss.
Merchandising Companies
Businesses that purchase goods in a finished state and sell them as is, making profits from the sales margin.
Insurance In Transit
Coverage that protects goods from loss or damage while they are being transported from one place to another.
FOB Shipping Point
A term used in shipping indicating that the buyer assumes responsibility for the goods and shipping costs the moment the goods leave the seller's premises.
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