The Vertical Axis in a Graph

question 36

Multiple Choice

The vertical axis in a graph

• A) is not used in a scatter diagram.
• B) is named the x-axis.
• C) is named the y-axis.
• D) has no origin.

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Definitions:

Nominal Rate of Interest

The rate of interest before adjusting for inflation, reflecting the rate at which money grows over time.

Purchasing Power

A measure of the amount of goods or services that one unit of currency can buy.

Inflation Rate

The annual percentage rate at which the general level of prices for goods and services is rising, eroding purchasing power.

Probability Distribution

A statistical method charting all conceivable values and odds for a random variable over an agreed-upon range.