What Graphical Tool Is Best Used to Display the Relative

question 23

Multiple Choice

What graphical tool is best used to display the relative frequency of grouped quantitative data?

• A) Ogive
• B) Pie chart
• C) Bar chart
• D) Histogram

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Definitions:

Variable Cost

Variable Cost refers to costs that change in proportion to the level of goods or services that a business produces.

Sales Commissions

Sales commissions are payments made to salespersons for selling products or services, typically a percentage of the sale price.

Chief Financial Officer

A senior executive responsible for managing the financial actions of a company.

Operating Leverage

A measure of how sensitive a company's operating income is to a change in revenues, indicating the extent to which a firm can increase profits by increasing sales.