All categories

3 years ago

The preferred way of summarizing and communicating numerical information is with tables, charts, and graphs.

Business

1 answer:

ladessa [460]3 years ago

3 0

Answer:

a. True

Explanation:

A numerical data can be defined as a data set that is expressed in numbers only or a data set consisting of numbers rather than words. A numerical data is also known as a quantitative data.

Basically, numerical data are classified into two (2) main categories and these are;

1. Discrete data: a discrete data is a data set in which the number of possible values are either finite or countable. For instance, the value of a fair die, number of sweets in a jar, number of eggs in a crate etc.

2. Continuous data: a continuous data is a data set having infinitely many possible values and those values cannot be counted, meaning they are uncountable. Any quantity such as height, volume, weight, density, length, pressure, temperature, speed, distance, time are generally a continuous data.

In Statistics or Business, one of the most preferred way of summarizing and communicating numerical information from one person to another is with tables, charts, and graphs.

A table is made up of cells that comprises of rows columns.

A chart can be defined as an effective medium used for displaying data graphically or in a pictorial form.

There are four (4) main types of chart used in the field of science and these includes;

I. Bar chart.

II. Histogram.

III. Cartesian graph.

IV. Pie chart.

A graph can be defined as the graphical representation of data (informations) on horizontal and vertical lines i.e x-axis and y-axis respectively.

You might be interested in

At a price of $0.50, how many more or fewer cups of lemonade do caroline and emily sell when the temperature is 60 degrees than

djverab [1.8K]

At a price of $0.50, the amount of cups of lemonade that Caroline and Emily sell when the temperature is 60 degrees than when the temperature is 80 degrees is -15.

50 - 80 = -30

= -30 * 0.5

= - 15

<h3>How does one arrive at the answer?</h3>

This is an instance of demand curve shift which refers to key changes in the balance of supply and demand that alter the quantity demanded at the same price. Hence, the shift in the quantity demanded will affect the amount of cups of lemonade that is sold.

Sometimes questions that involve graphs will ask you to consider the effect of a changing factor or factors. Problem statement: the line labeled D1 in the graph to the right shows the number of cups of lemonade that Caroline and Emily can sell at their lemonade stand at various prices.

Caroline and Emily have noticed that they sell more lemonade when it's hotter. Click anywhere on the graph to open a window with a control labeled Temperature. If you use the slider to change the temperature, the line will shift. Change the temperature from 80 degrees to 50 degrees.

At a price of $0.50, the amount of cups of lemonade that Caroline and Emily sell when the temperature is 60 degrees than when the temperature is 80 degrees is -15.

Therefore, the correct answer is as given above

learn more about demand curve: brainly.com/question/16790743

#SPJ1

3 0

1 year ago

a(n) _____ operation does not start processing or assembling products until it receives a customer order.

Scorpion4ik [409]

A Make-to-Order Operations operation does not start processing or assembling products until it receives a customer order.
This type of strategy is used to minimize product abundance that exist in the market. Usually, being done by the company whose products sold under a large price (such as car or boats)

4 0

4 years ago

Shuster’s lease of retail premises from Thurgood requires Shuster to pay certain fees, subject to the landlord’s proof of the co

Assoli18 [71]

Answer:

correct option is c) with prompt notice.

Explanation:

solution

Shuster lease by Thurgood for pay certain fee so the tenant can rescind the with prompt notice because Shuster is overcharge without the any explanation its mean that Thurgood is not performing his any duty rightly

so that Shuster is entitle to the withdraw an contract

correct option is c) with prompt notice.

4 0

3 years ago

Your younger sister needs $50 to buy a new bike. She has opened a lemonade stand to make the money she needs. She currently is c

AleksandrR [38]

The correct answer is: "I would recommend her not to increase the price, because with an elastic demand function this will cause a great decrease in the quantity demanded by consumers".

The demand function represents the quantity of a certain good or service that consumers are willing to purchase in the market at different price levels. The law of demand states that there is an inverse relationship between price and quantity demanded (ceteris paribus, hence, given that the rest remains equal). Therefore, when the price charged decreases, the amount that consumers are willing to purchase increases.

In turn, the elasticity of the demand function measures the sensitiveness of the quantity demanded by consumers when there is a certain price change. If the demand function is elastic it means that a price variation would generate an even larger variation (in the inverse direction of course!) in the quantity demanded. This is the case of the lemonade stand therefore the girl should not increase prices because this will not help her to reach her objective quicker, as she would loss a greater proportion of units sold than the size of the price increase that would have allowed her to earn more per unit.

5 0

3 years ago

Why is the savings account better than a checking’s account for saving money?

Lisa [10]

Because it pays a higher rate of interest.

A savings account is better than a checking account for saving money because they normally pay a higher interest rate than a checking account. Quite often, a checking account will not pay any interest at all.

7 0

4 years ago