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Data vs. Information Data ? raw facts ? no context ? just numbers and text Information ? data with context ? processed data ? valueadded to data ? summarized ? anized ? analyzed Data vs. Information ? Data: 51007 ? Information: ? 5/10/07 The date of your final exam. ? $51,007 The average starting salary of an accounting major. ? 51007 Zip code of Bronson Iowa. Data vs. Information Data ? ? ? ? ? ? ? ? ? ? S I R I U S S A T E L L I T E R A D I O I N C .$ 5 . 8 0$ 6 . 0 0$ 6 . 2 0$ 6 . 4 0$ 6 . 6 0$ 6 . 8 0$ 7 . 0 0$ 7 . 2 01 2 3 4 5 6 7 8 9 10L a s t 1 0 D a y sStock PriceInformation Data ? Information ? Knowledge Data Information Summarizing the data Averaging the data Selecting part of the data Graphing the data Adding context A