Data on the Amount of Money Made in a Year

question 37

Multiple Choice

Data on the amount of money made in a year by 1,000 families in a small town were collected.
You want to know if the money made is normally distributed.Which of the following would you
Use?

• A) Bar chart.
• B) Scatter plot.
• C) Boxplot.
• D) Time-series plot.

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Definitions:

Government Spending

All expenditures made by government agencies on goods, services, and projects to achieve economic and social goals.

Tax Revenue

The revenue collected by governments from taxes, which finances public services and government commitments.

Treasury Bonds

Treasury bonds are long-term government debt securities issued by the Department of the Treasury with a maturity of more than ten years.

Federal Budget

The government's estimate of revenue and expenditure for a forthcoming fiscal year.