Changing the display label of legends

Question: How to change the display label of legends (legend names) in Line charts, Bar charts, etc.

For example, I want to change the gender labels below to something friendlier such as Female or Male

Approach #1 - Use Business Calculation

Pros/Cons: Users with Explorer Role can use this, however, you need to re-create this business calculation every time you want to rename the labels

Approach #2 - Add a Custom Dimension to your Data Modeling Layer

Pros/Cons: This approach is more reusable, however, this can only be done by users who have access to Data Modeling Layer

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