Consider the Use of Bar Charts, Histograms, and Frequency Polygons

question 45

Essay

Consider the use of bar charts, histograms, and frequency polygons. When are each appropriate? Sketch each type of graph. What standards exist for presenting graphic data in social research?

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Definitions:

Risk and Return

The principle that potential return on an investment is correlated with the level of risk involved in making that investment.

Financial Decisions

Choices made by individuals or businesses regarding the management of finances, including investments, budgeting, and financial planning.

Trade-off

The act of giving up one benefit in order to gain another, often considered in decision-making processes.

CFO

Chief Financial Officer; a senior executive responsible for managing the financial actions of a company.