A Line Chart That Has No Axes but Is Used

question 13

Multiple Choice

A line chart that has no axes but is used to provide information on overall trends for time series data is called a

• A)time series plot.
• B)sparkline.
• C)trendline.
• D)bubble chart.

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Definitions:

Inefficient Levels

Situations where resources are not being used in the best possible way from an economic perspective, leading to potential waste or losses.

Opportunity Cost

Foregoing the prospective advantages from various other alternatives by making a single selection.

Opportunity Cost

The expense related to overlooking the next in line preferable option in the course of decision-making.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision, effectively representing the benefits you miss out on choosing one option over another.