(I Simple Bar Charts May Be Constructed Either Horizontally or Vertically

question 15

Multiple Choice

(i. Simple bar charts may be constructed either horizontally or vertically. (ii) A frequency polygon is a very useful graphic technique when comparing two or more distributions
(iii) A cumulative frequency distribution is used when we want to determine how many observations lie above or below certain values.

• A) (i), (ii) and (iii) are all correct statements.
• B) (i) and, (ii) are correct statements but not (iii).
• C) (i) and, (iii) are correct statements but not (ii).
• D) (ii) and, (iii) are correct statements but not (i).
• E) (i), (ii), and (iii) are all false statements.

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Definitions:

Price Of Corn

The cost at which corn is sold, typically influenced by factors such as supply, demand, and market conditions.

Interest Rate

The amount charged by a lender to a borrower for the use of assets, expressed as a percentage of the principal.

Variable-Rate Loan

A loan where the interest rate can change, based on an underlying benchmark or index that reflects the cost to the lender of borrowing on the credit markets.

Increases In Interest Rates

A scenario where central banks or financial institutions decide to raise the cost of borrowing money.