Which of the Following Is Appropriate for Displaying Data Collected

question 154

Multiple Choice

Which of the following is appropriate for displaying data collected on the different brands of cars students at a major university drive?

• A)A Pareto chart
• B)A two-way classification table
• C)A histogram
• D)A scatter plot

Identify and explain the fundamental attribution error.

Understand self-serving bias and its impact on personal perception.

Comprehend the concepts of actor-observer bias and defensive attribution.

Recognize the role of similarity and attraction in interpersonal relationships.

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Definitions:

Return on Investment

A financial ratio measuring the gain or loss generated on an investment relative to the amount of money invested.

Selling Price

The amount of money charged for a product or service, typically set to cover costs and generate profit.

Absorption Costing

This accounting technique aggregates the total manufacturing costs—direct materials, direct labor, and both variable and fixed overheads—into the calculation of a product’s price.

Cost-plus Pricing

A pricing strategy where a fixed percentage or a fixed amount is added to the cost price to determine the selling price.