A Chilean Wine Producer Is Considering Ways to Increase Production

question 21

Multiple Choice

A Chilean wine producer is considering ways to increase production at the winery. The option the winery is considering would involve high initial costs but lower operating costs. What is the winery likely considering?

• A) lengthening its product line
• B) decreasing the capacity of its production facility
• C) manual production technology
• D) automatic production technology

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Definitions:

Frequency Polygon

A graphical representation of the distribution of a dataset that shows how often each value occurs, connecting each data point by straight lines.

Frequency Distribution

A summarization of data by reporting the number of observations that fall within each range or bin of values for a specific variable.

Pie Graph

A circular chart divided into sectors, each sector shows the relative size of each value to the total.

Histogram

A graphical representation of the distribution of numerical data, often used to visualize the frequency of data intervals.