Quantitative Research using Pie Chart

Group 1
Alcantara, John Renefrank Cesista, Angelica Diez, Jan Patrick C. Macapundag, Jumarly G. Yap, Kristopher Kenn

Pie Chart
A circle graph/pie chart is a way of summarizing a

set of categorical data or displaying the different values of a given variable This type of chart is a circle divided into a series of segments. Each segment represents a particular category. The area of each segment is the same proportion of a circle as the category is of the total data set.

 Title Explains what the graph is all about Key Part of the graph that tells what fractional part of the circle stands for Circle It is cut into fraction/sectors

Parts of a Pie Chart

Advantages
display relative proportions of multiple classes of data

size of the circle can be made proportional to the total

quantity it represents summarize a large data set in visual form be visually simpler than other types of graphs permit a visual check of the reasonableness or accuracy of calculations require minimal additional explanation be easily understood due to widespread use in business and the media

Disadvantages
do not easily reveal exact values

Many pie charts may be needed to show changes

over time fail to reveal key assumptions, causes, effects, or patterns be easily manipulated to yield false impressions

Actual Study
AUSTRALIAN ATTITUDES TOWARDS WEALTH INEQUALITY AND PROGRESSIVE TAXATION.
15 APRIL 2011
David Neal, Ph.D. Mike Norton, Ph.D. Cassandra Govan, Ph.D. Empirica Research Pty Ltd Harvard Business School Dan Ariely, Ph.D. Fuqua School of Business Duke University

Report Introduction
Australian Attitudes Towards Wealth Inequality and the Minimum Wage. David Neal and Cassandra Govan, Empirica Research Pty Ltd Michael Norton, Harvard Business School Dan Ariely, Duke University

Both reports present findings from a nationally

representative survey of 1000 Australian adults conducted in March 2011. The survey measured awareness and attitudes relating to Australian household wealth inequality. In addition, it measured awareness and attitudes towards the minimum wage and progressive taxation

Wealth Inequality in Australia

Interpretation:
The

wealthiest 20% of Australians own 61% of the countrys wealth. The poorest 20% own 1%. The wealth gap is large and growing, but how well are these economic trends known by the Australian public at large? Does the illusion of equality impact support for policies that would bring greater equality to Australian society?

Analysis of Data:
Wealth inequality takes a toll Finally,

on individuals, families, and broader society across a range of significant outcomes. In terms of family and individual finances, the ability to accumulate wealth confers security in hard times, is necessary for borrowing and thus investing in the future, and also directly generates income through interest, capitals gains, and dividends (Heady, Marks, & Wooden, 2004).

emerging evidence links economic inequality with decreased psychological wellbeing and poor health (Napier & Jost, 2008; Wilkinson & Picket, 2009). Given these clear costs of inequalityboth to the individual and to society as a wholeit is not surprising that wealth inequality is an enduring concern for policy analysts and academics, even while governments may be reluctant to tackle the root causes of this inequality.