Refer to the Graph Shown

question 7

Multiple Choice

Refer to the graph shown. A firm can produce the same amount of output at points:

• A) A and B.
• B) E and C.
• C) B and C.
• D) A and C.

Understand the differences between histograms and bar charts.

Comprehend the construction and interpretation of relative frequency distributions and histograms.

Recognize the characteristics of skewed distributions.

Calculate class width for frequency distributions.

---

Definitions:

Hypotheses Testing

A method in statistics used to determine whether there is enough evidence in a sample of data to infer that a certain condition holds for the entire population.

Power of the Test

The likelihood that a test will correctly reject a false null hypothesis, essentially measuring the capability to detect an effect if there is one.

Interpret

To explain the meaning of information, data, or actions.

Sample Size

The number of observations or data points used in a statistical analysis.