1. Charts are better than frequency tables as summaries of the distribution of a categorical variable. 2....
Question:
2. If all of the bars in a bar chart have the same length, then the categorical variable shown in the bar chart has no variation.
3. The frequency of a category is the dollar value of the observations in that group.
4. A relative frequency is the number of observations belonging to a category.
5. Use a bar chart to show frequencies and a pie chart to show shares of a categorical variable that is not ordinal.
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Statistics For Business Decision Making And Analysis
ISBN: 9780321890269
2nd Edition
Authors: Robert Stine, Dean Foster
Question Posted: