A Graph Showing the Differences in the Frequencies or Percentages

question 12

Multiple Choice

A graph showing the differences in the frequencies or percentages among the categories of an interval-ratio variable where points are used to represent the frequencies of each category and placed above the midpoint of the category and then joined by a straight line is referred to as a

• A)bar graph.
• B)pie chart.
• C)line graph.
• D)histogram.

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Definitions:

Funding

The act of providing financial resources, typically in the form of money, or other values such as effort or time, to support a program, project, business, or individual.

Scarcity

A fundamental economic problem of having seemingly unlimited human wants in a world with limited resources, which leads to the necessity of making choices on how to allocate resources.

Resources

Assets or inputs used in the production of goods and services, such as time, labor, and capital.

Economy

An extensive network of activities related to producing, consuming, and exchanging that assists in allocating limited resources.