**TABLES OR SCHEDULES**

A table is a systematic and orderly arrangement of information, facts or data, using rows and columns for presentation which make it easier for better understanding of the relationship between variables. It serves as the most commonly used tool in Economics for economic analysis.

Table of Contents

**FEATURES OF A TABLE**

- It must give an orderly arrangement of data.
- It must have a title or heading.
- It must be numbered if many.
- It must be very simple and easy to understand.
- The units of measurement used in the table must be stated.

** **

**USES OR IMPORTANCE OF A TABLE**

- It reveals information at a glance.
- It avoids repetition.
- It makes data easy to understand.
- It allows for easy interpretation of data.
- It eases comparison between classes of data.

**EXAMPLES OF A TABLE**

The table below gives the performance of four students in an entrance examination.

Students |
Eng |
Maths |
Econs |
Total |

A | 60 | 80 | 50 | 190 |

B | 80 | 40 | 70 | 190 |

C | 60 | 60 | 80 | 200 |

D | 40 | 50 | 60 | 150 |

Total |
240 |
230 |
260 |
730 |

**EVALUATION**

- Define Table.
- State 3 importance of a table.

**USE OF A GRAPH**

A graph is a diagram showing a functional relationship between two variables. Information presented on table can be translated into a graph for better understanding. Many types of graphs are used for economic analysis depending on the nature of the data and purpose for which they are intended

**FEATURES OF A GRAPH**

- It must be titled.
- It must possess appropriate scales.
- The y and x axis must carry different variables.
- It must show the source of data presented.
- The y-axis must be on the vertical side and x-axis on the horizontal side.
- It must be well labeled for better understanding.

** **

**IMPORTANCE OF A GRAPH**

- It shows relationship between two variables.
- It makes quantitative information illustrated in tabular form clearer and quicker impression.
- It helps to interpret values of variables.
- The values or quantities in the table are better understood and appreciated in graph.
- It provides basis for comparing variables provided in the table.

** **

**EVALUATION**

- What is a graph?
- State five features of a graph

** **

**USE OF A CHART**

A Chart is a device being used to provide us with the interpretation or presentation of data in the form of diagram or picture. In economics, many types of chart are used for economic analysis among which are bar charts and pie chart.

** **

**BAR CHART **

A bar chart is a way of representing tabulated data with evenly spaced bars with equal gap. Bar charts can be of three types

**SIMPLE BAR CHARTS:**Used for data with one variable**COMPONENT BAR CHARTS:**Used for data with two variables**MULTIPLE BAR CHARTS:**Used for data with more than two

**Example of simple Bar Charts**

Score |
2 | 4 | 6 | 8 | 10 |

Frequency |
7 | 8 | 9 | 4 | 2 |

**Example of Component Bar Charts**

Class |
Boys |
Girls |
Total |

S. S. 1p | 24 | 18 | 42 |

S. S. 1w | 17 | 22 | 89 |

Total |
41 |
40 |
81 |

** **

**Examples of Multiple Bar Charts**

Produce line Tunner | 2000 | 200 | 2002 |

Cocoa | 500 | 700 | 200 |

Cotton | 400 | 300 | 500 |

Groundnut | 300 | 400 | 400 |

EVALUATION

- Define the meaning of a chart

## 2. Highlight three types of chart

**PIE CHARTS**

This is a circle divided into sections expressed in degrees with each section proportionate to the frequency or attribute. The circle represents the total data and with the use of a compass and protractor it is drawn

** **

**Example:** In a school the numbers of periods for the subjects are given in a table. Represent the information in a pie chart.

English | 9 periods |

Mathematics | 6 Periods |

Science | 5 Periods |

Others | 20 Periods |

** **

**Solution **

Subjects | Periods | Working | Degree |

English | 9 | 9/40 x 360^{0} |
81^{0} |

Mathematics | 6 | 6/40 x 360^{0} |
54^{0} |

Science | 5 | 5/40 x 360^{0} |
45^{0} |

Others | 20 | 20/40 x 360^{0} |
180^{0} |

40 |
360^{0} |

**LINEAR GRAPH**

A linear graph is used in comparing between two variables priving a straight-line graph.

**Examples**

Given that Q = 42 – 2p find the **value** of Q when p = N1, N3, N5, N7 and N9, where P = Price and Q = Quantities. Represent the information on a line graph

** **

**Solution**

Q = 42 – 21

When

P = N1, Q = 42 – 2 x N1 – 42 – N2 = N40

P = N3, Q = 42 – 2 x N3 = 42 – N6 = N36

P = N5, Q = 42 – 2 x N5 = 42 – N10 = N32

P = N7, Q = 42 x 2 x N7 = 42 – N14 = N28

P = N9, Q = 42 – 2x N9 = 42 – N18 = N24

__Price (N) Quantity (Units)__

** 1 40**

** 3 56**

** 5 32**

** 7 28**

** 9 24**

**EVALUATION**

- Write short note on pie chart.
- Explain linear graph in 2 paragraph.

**GENERAL EVALUATION QUESTIONS**

- Define frequency distribution.
- Giving the budget estimate of a state for 2010. Use the information to present a bar chart

**Item Amount**

Agric 70

Sports 80

Education 110

Health 60

Development 30

Finance** **50

- Define a pie chart.
- Different between a bar chart and a linear graph.
- The production of carrot and onion by a farmer in Jos for the years 2002-2005.You are required to represent this data using component bar chart:

**Year Carrot Onion Total**

2001 40 30 70

2002 30 20 50

2003 30 40 70

2004 20 40 60

** **

**WEEKEND ASSIGNMENT**

- Data presented in tables are usually arranged as (a) Charts and tables (b) Rows and columns (c) Graphs and rows (d) Pie chart

The Total number of fruits consumed by a family in a year was 720 represented by the pie chart below. Use it to answer questions 2 – 4

- The quantity of bananas consumed by the family (a) 60 (b) 120 (c) 200 (d) 240
- The sum total of mangoes and oranges consumed by the family was (a) 200 (b) 360 (c) 400 (d) 520
- The quantity of carrots consumed by the family was (a) 200 (b) 360 (c) 400 (d) 520
- Which of the following tools of economics analysis is used when data contains more than one variable. (a) Graph (b) Symbolical statement (c) Bar chart (d) component bar chart

** **

**SECTION B**

- (a). Define i. graph ii. Chart iii. table

(b). List four importance of a table?

- (a). The daily sales of a department store for one week are as follows:

Days | Mon | Tue | Wed | Thur | Fri | Sat |

Sales(N) | 1970 | 1000 | 3500 | 2250 | 1000 | 2500 |

Present the above data in a bar charts (use a graph)

(b). Mrs. Lumi purchased food stuffs as follows:

Meat N60

Green rice N40

Beans N50

Yam N70

Plantain N70

Present the above information on pie chart

See also

BASIC ECONOMIC PROBLEMS OF THE SOCIETY