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Business statistics Study Set 3
Quiz 4: Graphical Descriptive Techniques Numerical Data
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Question 21
True/False
Class intervals of equal width make the interpretation of a frequency distribution easier.
Question 22
True/False
The strength of a linear relationship between two numerical variables may be illustrated by a line graph, where the closer the points form a line, the stronger the linear relationship between the two variables.
Question 23
True/False
A histogram is said to be symmetric if, when we draw a vertical line down the center of the histogram, the two sides are mirror images of each other.
Question 24
True/False
A frequency distribution shows the number of data values falling within each class.
Question 25
True/False
A cumulative frequency distribution presented in graphical form is called an ogive.
Question 26
True/False
Frequency polygons are useful for obtaining a general idea of the shape of the distribution, because they are a bar chart.
Question 27
True/False
A list of share prices of one Australian company, at the end of a trading day for the period of 30 trading days, would be an example of time-series data.
Question 28
True/False
The graphical format used to display the relationship between two numerical (quantitative) variables is the scatter diagram.
Question 29
True/False
A list of share prices of 20 Australian companies at the end of a trading day would be an example of time-series data.
Question 30
True/False
The lowest value in a set of data is 140, and the largest value is 270. If the resulting frequency distribution is to have ten classes of equal width, the common class width will be 27.
Question 31
True/False
In any relative frequency distribution, the sum of all the relative frequencies is always equal to 1.
Question 32
True/False
When choosing between a line chart and a bar chart to display a time-series of data, if the main objective is to display the overall general movement, or trend, in the time-series, a line chart is best.