Use the Following to Answer the Question(s) Below

question 16

Multiple Choice

Use the following to answer the question(s) below.
A magazine that publishes product reviews conducted a survey of teenagers' preferences for cell phones. Three brands of cell phone designed specifically with teens in mind were the focus of the study. The table summarizes responses by brand and gender.

-Which of the following charts would be appropriate for displaying the marginal distribution of brands?

• A) Side-by-side bar chart
• B) Segmented bar chart with the horizontal axis Gender
• C) Pie chart
• D) Line graph
• E) Horizontal bar chart with the vertical axis Gender

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Definitions:

Quasilinear Utility Functions

Utility functions where consumers' utility is linear in one argument, typically representing money, allowing for easy analysis of changes in wealth.

Edgeworth Box

An Edgeworth Box is a visual representation used in microeconomics to show the distribution of resources or the optimal allocation between two individuals, demonstrating how both can benefit through trade.

Pareto Optimal Allocations

A condition of resource allocation where it's impossible to make any one individual better off without making at least one individual worse off, emphasizing the concept of efficiency in economic distribution without losses.

Edgeworth Box

A model used in economics to show how different allocations of goods or two goods can affect two individuals' utility levels.