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Two Statistics Students Are Arguing Over Which Type of Bar

question 4

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Two statistics students are arguing over which type of bar graph to use.One insists that a bar graph that displays the relative frequency will be better for displaying the overall shape of the data.The other holds that only a frequency bar graph will suffice.You happen along and hear their conversation.What advice do you give them?


Definitions:

Leverage

The use of borrowed funds to increase the potential return of an investment, also amplifying the potential risk of loss.

Equity Mutual Funds

Investment funds that pool money from many investors to purchase a portfolio of stocks, aiming to provide returns through dividends and capital gains.

Risky

An adjective describing the likelihood of losing part or all investment due to various types of investment or market risks.

Equity Growth Fund

A mutual fund that invests primarily in stocks with the goal of capital appreciation rather than income.

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