BASIC BUSINESS CENTS: Charts allow business owners to track loss categories and make corrections
A histogram is, as its name implies, a look at the history of a process. It cannot be used to predict the future as a control chart enables us to do, but it is often useful.
Let's use as an example the volume of a retail store. Data has been collected on gross sales by day for the previous year and totals $1,000,000. To keep it simple, we will arbitrarily select 10 class sizes in which to group our data.
Are you a newspaper subscriber but you don't have a Digital Access account yet? https://secure.forumcomm.com/?publisher_ID=40&event=subscriber/lookup.
You will need your subscription account number and phone number. Not sure if you have an account? Email us at firstname.lastname@example.org and we can help you.