A Graphical Representation in Which the Sample Space Is Represented

question 50

Multiple Choice

A graphical representation in which the sample space is represented by a rectangle and events are represented as circles is called a

• A) Pie chart.
• B) Venn diagram.
• C) Pareto chart.
• D) Box plot.

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Definitions:

Fixed Rate

An interest rate that remains constant over the lifetime of a loan or financial instrument.

Average Tax Rates

It reflects the fraction of total income that is paid in taxes, calculated by dividing the total amount of taxes paid by the total income.

Book Value

Book value is the value of an asset according to its balance sheet account balance, taking into account the cost of the asset minus depreciation.

Net Income

The net income of a business once all costs and taxes are deducted from the total earnings.