You Have Collected Data on the Approximate Retail Price (In

question 20

Multiple Choice

You have collected data on the approximate retail price (in $) and the energy cost per year (in $) of 15 refrigerators.Which of the following is the best for presenting the data?

• A)A pie chart.
• B)A scatter plot
• C)A side-by-side bar chart.
• D)A contingency table.

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Definitions:

Debit Side

The left side of an accounting ledger where increases in assets and expenses or decreases in liabilities and equity are recorded.

Normal Balance

The side of an account (debit or credit) where increases in the account are recorded, reflecting the account's usual positive balance.

Expense

Outflows or other using up of assets or incurrences of liabilities during a period from delivering or producing goods, rendering services, or carrying out other activities that constitute the entity's ongoing major operations.

Credit

A bookkeeping entry that increases the value of liabilities or equity accounts, or decreases the value of an asset or expense account.