Which of the Graphical Techniques Below Can Be Used to Summarize

question 30

Multiple Choice

Which of the graphical techniques below can be used to summarize qualitative data?

• A)dot plot
• B)stem-and-leaf plot
• C)box plot
• D)bar graph

---

Definitions:

Basic Assumptions

Foundational beliefs or principles that are accepted as true without proof, forming the basis of further argument or reasoning.

Indifference Curve

A graph showing different combinations of two goods that provide equal satisfaction and utility to a consumer.

Marginal Rates of Substitution

The speed at which a buyer is prepared to sacrifice one item for another while keeping their satisfaction constant.

Bads

Are items that people do not desire to have, opposite to goods, which have a negative impact on utility when consumed.