An Instructor Has Collected Data About the Majors of Each

question 19

Multiple Choice

An instructor has collected data about the majors of each of the students in her class. Which of the following will be the best method of presenting these data?

• A) A mean
• B) A stem and leaf plot
• C) A variance
• D) A standard deviation

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Definitions:

Installment Account

A credit account where the borrower repays the principal and interest over a set period through scheduled payments.

Line of Credit

A flexible loan arrangement with a financial institution that allows a borrower to draw funds up to a specified limit, repay, and redraw as needed.

Trade Credit

An arrangement where a buyer is allowed to purchase goods or services and pay the supplier at a later date, often used to finance short-term business needs.

Consumer Credit

Types of personal loans extended to consumers for purchasing goods and services, including credit cards and installment loans.