A Histogram Is

question 18

Multiple Choice

A histogram is

• A) a graphical presentation of a frequency or relative frequency distribution.
• B) a graphical method of presenting a cumulative frequency or a cumulative relative frequency distribution.
• C) the history of data elements.
• D) the same as a pie chart.

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Definitions:

Fixed Expense

Costs that do not change with the level of production or business activity, such as rent or salaries.

Break-even

The juncture where the total expenses match the total income, leading to a situation where there is no profit or loss.

Selling Price

The amount of money charged for a product or service, determined by cost, market demand, and competition.

Advertising Budget

The amount of money a company plans to spend on promotional activities over a certain period to market its products or services.