In a Pareto Chart,______

question 96

Multiple Choice

In a Pareto chart,______.

• A)the height of an individual bar represents how often a particular problem has occurred
• B)the taller the bar the less significant the problem
• C)the color of an individual bar represents how often a particular problem has occurred
• D)it is easy to spot the correlation between two variables

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Definitions:

Parity Ratio

A measurement comparing the value of one set of goods, services, or income to another, typically used in agricultural economics or international trade.

Parity Price

A price level that ensures the purchasing power of a commodity is maintained relative to an index or standard, often used in agricultural policy.

Base Period

A specific time period against which economic indicators or financial indexes are measured to assess changes over time.

Index of Prices

A statistical measure that shows changes in the price level of a selected basket of goods and services over time.