Answer the Question. -The Bar Graph Below Shows the Average Cost of Renting

question 176

Essay

Answer the question.
-The bar graph below shows the average cost of renting a studio in a certain city in each of
the years 1994 through 1998. By what percentage does the average rental price increase from 1994 to 1995? Obtain a
truncated version of the graph by sliding a piece of paper over the bottom portion of the
graph so that the scale on the vertical axis starts at 300. In the truncated graph, by what
percentage does the price appear to increase from 1994 to 1995? Why is the truncated
graph misleading?

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Definitions:

Cashed

Processed or exchanged for its value in money, typically referring to a check being turned into cash.

Restrictive Endorsement

A limitation placed on a check specifying the conditions under which it can be endorsed.

Special Endorsement

A banking term referring to a notation on a check or other negotiable instrument that specifies the conditions under which it can be redeemed or transferred.

Qualified Endorsement

A legal notation on a negotiable instrument, such as a check, restricting the conditions under which it can be further negotiated.