The Histograms Show the Cost of Living,in Dollars,for 32 Canadian

question 9

Multiple Choice

The histograms show the cost of living,in dollars,for 32 Canadian cities.The histogram on the left shows the cost of living for the 32 cities using bins $10 wide,and the histogram on the right displays the same data using bins that are $6 wide.
Compare the distributions (shape,centre,spread,unusual features) .

• A)The distribution in the left histogram of the cost of living in the 32 Canadian cities is unimodal and skewed to the right.The distribution is centred around $100,and spread out,with values ranging from $80 to $140.The distribution in the right histogram appears bimodal,with many cities costing just under $104 and another smaller cluster around $119.There also appears to be an outlier in the right histogram at $134 that was not apparent in the histogram on the left.
• B)The distribution in the left histogram of the cost of living in the 32 Canadian cities is unimodal and skewed to the right.The distribution is centred around $100,and spread out,with values ranging from $80 to $140.The distribution in the right histogram is unimodal and symmetric.The distribution is centred around $104,and spread out,with values ranging from $86 to $140.There also appears to be an outlier in the right histogram at $134 that was not apparent in the histogram on the left.
• C)The distribution in the left histogram of the cost of living in the 32 Canadian cities is unimodal and skewed to the left.The distribution is centred around $100,and spread out,with values ranging from $80 to $140.The distribution in the right histogram appears bimodal,with many cities costing just under $104 and another smaller cluster around $119.There also appears to be an outlier in the right histogram at $134 that was not apparent in the histogram on the left.
• D)The distribution in the left histogram of the cost of living in the 32 Canadian cities is unimodal and skewed to the right.The distribution is centred around $100,and spread out,with values ranging from $80 to $140.The distribution in the right histogram is also unimodal and skewed to the right.The distribution is centred around $104,and spread out,with values ranging from $86 to $140.There also appears to be an outlier in the right histogram at $134 that was not apparent in the histogram on the left.
• E)The distribution in the left histogram of the cost of living in the 32 Canadian cities is unimodal and skewed to the right.The distribution is centred around $100,and spread out,with values ranging from $80 to $140.The distribution in the right histogram appears bimodal,with many cities costing just under $104 and another smaller cluster around $119.

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Definitions:

Domestic Demand Curves

Graphs showing the quantity of a good that consumers in a domestic market are willing and able to purchase at various prices.

Import Demand Curves

Charts representing the volumes of a product that an economy is ready to import at various price points.

Export Supply Curves

A graphical representation showing the relationship between the quantity of a good that producers are willing to export and the price of the good in the international market.

Equilibrium World Price

The price at which the quantity of a good supplied globally equals the quantity demanded, in international trade.