Statistics Canada Report 2010 Results in the Following Chart

question 9

Multiple Choice

Statistics Canada report 2010 results in the following chart. Is the data quantitative or qualitative? What is the name of the table shown?

• A) quantitative, simple table
• B) quantitative, pie chart
• C) qualitative, frequency table
• D) qualitative, pie chart
• E) quantitative, bar chart

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Definitions:

Profit Maximization

The method through which a company identifies the pricing and production quantity that yields the highest profit.

Production Function

A mathematical relationship capturing the quantity of output that can be produced from a given set of inputs, such as labor and capital, under certain assumptions of technology and efficiency.

Labor

Human effort, both physical and mental, used in the production of goods and services.

Output

The total amount of goods or services produced by a firm, an industry, or an economy, often measured within a specific time period.