For a Single Variable Measured at the Nominal Level, an Appropriate

question 7

Multiple Choice

For a single variable measured at the nominal level, an appropriate graph would be a________.

• A) pie chart.
• B) histogram.
• C) frequency polygon.
• D) bivariate table.

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Definitions:

Uncertain Situations

A condition where the outcomes or consequences of an event are not known or predictable.

Diversification

A strategy for managing risk that involves diversifying the portfolio by incorporating a broad array of investments.

Uncertain Situations

Scenarios in which outcomes or conditions are not known, predictable, or completely measurable, often affecting decision making.

Information

Pertains to data, knowledge, or facts that are acquired through experience, observation, or instruction, which can influence economic decisions.