Question 1

____ charts allow three-dimensional data to be plotted in 2-D on two axes.

Accepted Answer

Bubble charts use the size of bubbles to represent the third dimension of the data, allowing for three-dimensional data to be displayed in 2-D on two axes. Radar charts are used to display multivariate data in a two-dimensional format, Doughnut charts are a type of pie chart, and Scatter charts are used to show the relationship between two variables.

Question 2

Doughnut charts are a way to show the information contained in a pie chart for ____.

Accepted Answer

Doughnut charts are designed to display more than one series of data. It shows the same information as a pie chart but allows for displaying multiple sets of data in a single chart.

Question 3

Generally, when a stock price moves above the moving average trendline, it is a good indicator
Of ____.

Accepted Answer

When a stock price moves above the moving average trendline, it indicates that the stock is currently experiencing an upward trend. This can be seen as a positive signal for investors, as it suggests that the stock's price may continue to rise in the short-term.

Question 4

In the Open-High-Low-Close chart sub-type, ____ is used to show if the stock closed at a higher or lower price than its opening price.

Accepted Answer

In the Open-High-Low-Close chart sub-type, color is commonly used to indicate if the stock closed at a higher or lower price than its opening price. Typically, a green or white color is used to indicate a higher closing price, while a red or black color is used to indicate a lower closing price.

Question 5

In the Open-High-Low-Close chart sub-type, if the box is white, the stock increased in value for the time period. The white box is referred to as the ____.

Accepted Answer

The correct term for a white box in the Open-High-Low-Close chart sub-type is the "up bar". This indicates that the stock increased in value during the time period represented by the box. The other answer choices ("raise bar", "increase bar", and "rich bar") are not commonly used terms in technical analysis or finance.

Question 6

The radar chart is similar in structure to a spider web, with each "web strand" that roughly
Forms a circle representing the ____.

Accepted Answer

The radar chart uses each "web strand" to represent a data value, allowing for easy comparison between multiple categories or data points. The x and y axes are not typically represented in a radar chart. Data labels may be used to provide additional context but are not the primary focus of the chart.

Question 7

Although doughnut charts are not a chart sub-type, they are related to ____ because of the type of data displayed.

Accepted Answer

Doughnut charts are a type of pie chart that has a hole in the center. They are used to display data that is divided into different categories, and the size of each slice of the pie represents the proportion of the data that falls into that category.

Question 8

The ____ option of splitting a pie data series into a second, smaller pie chart allows you to select a cutoff point by percentage, rather than value, and assign all the percentages below that point to the second plot.

Accepted Answer

The percentage value option allows the user to split the pie data series based on percentage cutoff points, which is the required feature mentioned in the question.

Question 9

With the ____ sub-type, the data to be plotted must be placed by column in this order: high stock value for the day, low stock value, and, finally, closing stock value.

Accepted Answer

This is the correct order for the High-Low-Close sub-type of a candlestick chart. The high stock value for the day is plotted first, followed by the low stock value for the day, and finally the closing stock value for the day. This creates a candlestick shape that represents the daily trading range for the stock.

Question 10

Each segment in a radar chart is _____.

Accepted Answer

Each segment in a radar chart is always the same size as the other segments. The size of the segment represents the value of the variable being measured, and the different variables are plotted on different radii of the chart. Therefore, it is important for the segments to be of the same size for an accurate interpretation of the chart.

Question 11

____ charts are named for their resemblance to the plots on radar screens as they scan a 360-degree circle.

Accepted Answer

Radar charts are named for their resemblance to the plots displayed on a radar screen, which shows the location of objects as the radar beam scans a full circle.

Question 12

Radar charts are like area charts-but whereas area charts emphasize the amount of the contribution, radar charts emphasize ____.

Accepted Answer

Radar charts emphasize the relative comparison of the categories, showing how each category compares to the others. The high and low points of the data are not emphasized, nor is the trend over time or moving averages.

Question 13

____ graphically illustrate trends in the data using a statistical technique known as regression.

Accepted Answer

Trendlines are specifically designed to illustrate trends in the data over time, and are created using regression analysis. The other options, graph lines and datalines, are too general or vague to describe any specific statistical technique, while average lines only show the average value of the data and do not necessarily highlight trends. Therefore, C is the best choice.

Question 14

The ____ option of splitting a pie data series into a second, smaller pie chart allows you to select a cutoff point that assigns all the values below that point to the second plot.

Accepted Answer

The Value option allows you to choose a cutoff point based on the actual values of the data, which may be more meaningful than a percentage or custom threshold.

Question 15

The ____ option of splitting a pie data series into a second, smaller pie chart allows you to drag individual pie segments between the two charts so you can include exactly the segments you want in the main pie chart and the second plot.

Accepted Answer

The Custom option allows for the most flexibility in selecting and dragging individual pie segments between two charts. The other options only split the data based on a set criteria and do not allow for customization of which segments appear in each chart.

Question 16

The ____ trendline is used to smooth out the data, making it easier to spot trends.

Accepted Answer

The moving average trendline is specifically designed to smooth out data points over time, which makes it easier to identify trends in the data. The other options, such as average or smooth average, are not as specific to this purpose. The trial option is not a commonly used trendline type.

Question 17

The ____ chart sub-type adds information on the opening price of the stock to the High-Low-Close information for the time period.

Accepted Answer

The Open-High-Low-Close chart sub-type includes the opening price of the stock in addition to the high, low, and closing prices for the given time period.

Question 18

One of the features of 100% stacked charts is that they show ____ percentages.

Accepted Answer

100% stacked charts display each category's contribution to the whole, giving a clear view of the cumulative percentages. It helps to identify and compare the contribution of each category to the total. Individual or average percentages are not displayed in 100% stacked charts as they are overshadowed by the cumulative percentage. Linked percentages are not a valid concept in this context.

Question 19

Using the ____ in a chart is a common way to include widely differing sets of data from the same time period.

Accepted Answer

This allows for two sets of data with different scales to be displayed in the same chart, making it easier to compare them.

Question 20

In a scatter chart and a bubble chart, the x- and y-axes ____.

Accepted Answer

In both scatter and bubble charts, the x- and y-axes are typically numeric, representing quantitative values.

Quiz 3: Determining Effective Data Display with Charts