Except for the Y-Axis Scaling, a Histogram Will Look the Same

question 75

True/False

Except for the Y-axis scaling, a histogram will look the same if we use relative frequencies instead of raw frequencies (with the same bin limits).

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Definitions:

Portfolio

A collection of investments held by an individual or institution.

Rate of Return

The upward or downward shift in an investment's value over a designated period, quantified as a percentage of its initial value.

Simple Average

A simple average is a statistical measure that calculates the mean of a set of numbers by adding them together and then dividing by the count of those numbers.

Goals Against Average

A statistical measure used in sports, particularly hockey, to quantify the average number of goals a goalie allows per game.