here is the graph i have uploaded which i dont understand.
http://img209.imageshack.us/img209/8075/watchfs7.jpg
look at the caption and the first row of table-1
If i understand it correctly , that means …
look at first row…….look at entry for rado , For price P <=10,000 Rs , .its 16% …right ?
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what does it mean ?
i guess it means Rado has sold watches of worth of (16% of P) ?=(16/100)*P Rs under the price range less than ,eqalto 10,000 Rs
am i right ?
Again , look at table-2
If i see the first row of table-2 i see Rado has 24%…..whats that ?
How do i interprete this data ?
This is confusing tables …..i dont understand the meaning of those entries.
Someone please explain the meaning of the elements of those two tables ?
{ 1 comment… read it below or add one }
The new table is not just a repeat of the first row.
24% in the second table means 24% of watches from ALL THE COMPANIES but ONLY from P< 10,000.
The two tables are totally different data.
16% of RADO watches are under 10,000.
24% of watches under 10,000 are RADO.
It’s a totally different measurement. Imagine you sell candy.
It’s like saying "50% of my M&Ms products are under $1."
And then saying "10% of my candy sales under $1 are M&Ms."
It’s completely different. One is a portion of M&Ms. Another is a portion of the sales under $1.