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Hassan was the company plotter. Give him any data set and he could plot a graph that was not only accurate, but also aesthetically pleasing. One afternoon he took some attribute data and plotted it as a p-chart. When Saba, his supervisor, saw the plot he insisted it be discarded and in its place a c-chart should be constructed. Hassan made the c-chart and noticed that when he placed the two charts one on top of the other, the lines created by the data points were exactly the same shape. Has our plotting colleague made a mistake? If not, why should there be these two types of charts when the data generate identical lines?
Compounded Annually
A method of interest calculation where interest is added to the principal once a year.
Accumulate
To gather or collect, often a gradual increase of items or value over time.
Invest
The act of allocating resources, usually money, with the expectation of generating an income or profit.
Compounded Annually
Involves the process where interest is added to the principal sum at the end of each year, for the purpose of calculating the next year's interest.
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