When Choosing Between a Line Chart and a Bar Chart

question 39

True/False

When choosing between a line chart and a bar chart to display a time-series of data, if the main objective is to display the overall general movement, or trend, in the time-series, a line chart is best.

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Definitions:

Herfindahl Index

An economic indicator used to measure the size of companies in relation to the industry and the level of competition among them.

Barriers to Entry

Obstacles that make it difficult for new competitors to enter a market, including high start-up costs, strict regulations, and established brand loyalty.

Differentiated Products

Differentiated products are goods or services that differ from other products in the market in terms of quality, features, branding, or other attributes that are valued by consumers.