Histograms Are Typically Used to Depict _____, Whereas Bar Graphs

question 26

Multiple Choice

Histograms are typically used to depict _____, whereas bar graphs are typically used to depict _____.

• A) scale data; nominal data
• B) nominal data; interval data
• C) means; frequencies
• D) interval data; scale data

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Definitions:

Wage

A wage is the compensation paid to employees for their labor, typically calculated on an hourly, daily, or piecework basis.

Output

The quantity of goods or services produced in a given period by an individual, firm, or country.

Marginal Revenue Product

The additional revenue generated from employing one more unit of a factor of production, holding all other factors constant.

Marginal Product

The additional output gained from employing an extra unit of input in the production process.