Figure 10-11 -Refer to Figure 10-11. the Graph Represents a Market in a Market

question 238

Multiple Choice

Figure 10-11
-Refer to Figure 10-11. The graph represents a market in which

• A)there is no externality.
• B)there is a positive externality.
• C)there is a negative externality.
• D)The answer cannot be determined from inspection of the graph.

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Definitions:

Frequency Polygon

A graphical representation of the distribution of a dataset that shows how often each value occurs, connecting the middle of each interval.

Histogram

A graphical representation of the distribution of numerical data, often displaying the frequency of data points within specified intervals.

Ordinal Level

A measurement scale that organizes data into categories that are ranked or ordered based on some criteria.

Class Interval

The range of values within which data points are grouped together in the creation of a frequency distribution.