Final answer:
Graphs and charts are tools used in descriptive statistics to organize and summarize data. By including them in a report, an accountant applies descriptive statistical methods, which help visually represent and clarify data trends.
Step-by-step explanation:
The use of graphs and charts to represent data in the accountant's report is indeed an example of applying descriptive statistics. Descriptive statistics involve methods for summarizing and organizing data. These can be through numerical summaries like means and standard deviations or visual summaries such as graphs and charts. As opposed to inferential statistics, which makes predictions or inferences about a population based on a sample, descriptive statistics simply describe what the data shows.
When an accountant creates a variety of graphs and charts for a report, they are visually summarizing the data, which is a crucial component of descriptive statistics. The graphs that could be included might be bar charts, pie charts, histograms, or line graphs, each serving to illustrate different aspects of the data. This aids in the comprehension of data, identification of trends, and making information more accessible to readers of the report.
In conclusion, by providing graphical representations like graphs and charts in a report, an accountant is employing descriptive statistical methods to organize and summarize data efficiently.