Compare the Two Histograms Below

question 40

Multiple Choice

Compare the two histograms below.Which statement is true?

• A)The shape of histogram A is the same as the shape of histogram B.
• B)The shape of histogram A is positively skewed compared to histogram b.
• C)The shape of histogram A is negatively skewed compared to histogram B.
• D)You cannot compare the shapes of these two histograms without the original data.

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Definitions:

Marginal Cost

The extra expense associated with the production of an additional unit of a product or service.

Kinked Demand Curve Model

A model in economics illustrating how firms in oligopoly markets might maintain stable prices despite changes in cost or demand, due to the asymmetric responses of rivals to price changes.

Price Reduction

A decrease in the selling price of goods or services, often to attract more buyers or respond to market conditions.

Non-OPEC Oil

Crude oil produced by countries that are not members of the Organization of the Petroleum Exporting Countries (OPEC).