Exercise A1 Name three kinds of graphs and briefly state when is most appropriate to use each type of graph.

Question

Want to see more full solutions like this?

Answer 1

Textbook Question

Chapter A, Problem 1RQ

Exercise A1

Name three kinds of graphs and briefly state when is most appropriate to use each type of graph.

Expert Solution & Answer

To determine

To state:

The different types of graphs.

Explanation of Solution

There are three types of graphs that is line graphs, pie graphs, and bar graphs.

A line graph is a graphical diagram which displays the changes in information over time. This is also referred as a line chart. In the line graph, there are points which are connected to information or data and shows continuous change. A line graph is used to compare different information, situations, and events. The lines in the graph can descend line or can ascend line based on data.

A pie graph or pie chart is used to display whole information, data, and statistics in an easy to read manner. A circle represents the whole data or group and it contains the slices of data called pie and the varying size of pie show how much data elements are existing in it. Generally, the pie graph used for classification of whole information into the subparts based on their characteristics.

A bar graph is a chart that uses the height of bars to depicts the comparisons between a set of information or data. These bars can be horizontal or vertical. For example, a comparison of the population between two countries India and China. The horizontal line will show the name of the country and the vertical line will show the size of the population. The bars constructed for these two countries will represent the comparison between these two country’s population.

Economics Concept Introduction

Graphs: The graph is a two-dimensional diagram that shows the mathematical relationship between the variables. It represents the numerical data in visual figure to understand the data easily and quickly.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Students have asked these similar questions

Explain the following: How is 4 to 5 a 22% increase? How is 100 to 80 a 22% decrease? Not pictured: How is 100 to 90 a 11% decrease? How is 100 to 50 a 67% decrease?

Without Trade Production Consumption With Trade Production Everglades Denali Shorts (Millions of Almonds Shorts Almonds pairs) (Millions of pounds) (Millions of pairs) (Millions of pounds) 12 16 5 30 12 16 5 30 64 0 0 20 Trade action Imports 13 ▼ Exports 39▾ Imports 13 ▼ Exports 39 Consumption Gains from Trade Increase in Consumption

Practice: Their labor forces are each capable of supplying four million hours per week that can be used to produce shorts, almonds, or some combination of the two. Country Shorts Almonds (Pairs per hour of labor) (Pounds per hour of labor) Everglades 4 16 Denali 5 10 Suppose that initially Denali uses 1 million hours of labor per week to produce shorts and 3 million hours per week to produce almonds, while Everglades uses 3 million hours of labor per week to produce shorts and 1 million hours per week to produce almonds. As a result, Everglades produces 12 million pairs of shorts and 16 million pounds of almonds, and Denali produces 5 million pairs of shorts and 30 million pounds of almonds. Assume there are no other countries willing to engage in trade, so, in the absence of trade between these two countries, each country consumes the amount of shorts and almonds it produces. Everglades's opportunity cost of producing 1 pair of shorts is4 pounds of…

Answer 2

Textbook Question

Chapter A, Problem 1RQ

Exercise A1

Name three kinds of graphs and briefly state when is most appropriate to use each type of graph.

Expert Solution & Answer

To determine

To state:

The different types of graphs.

Explanation of Solution

There are three types of graphs that is line graphs, pie graphs, and bar graphs.

A line graph is a graphical diagram which displays the changes in information over time. This is also referred as a line chart. In the line graph, there are points which are connected to information or data and shows continuous change. A line graph is used to compare different information, situations, and events. The lines in the graph can descend line or can ascend line based on data.

A pie graph or pie chart is used to display whole information, data, and statistics in an easy to read manner. A circle represents the whole data or group and it contains the slices of data called pie and the varying size of pie show how much data elements are existing in it. Generally, the pie graph used for classification of whole information into the subparts based on their characteristics.

A bar graph is a chart that uses the height of bars to depicts the comparisons between a set of information or data. These bars can be horizontal or vertical. For example, a comparison of the population between two countries India and China. The horizontal line will show the name of the country and the vertical line will show the size of the population. The bars constructed for these two countries will represent the comparison between these two country’s population.

Economics Concept Introduction

Graphs: The graph is a two-dimensional diagram that shows the mathematical relationship between the variables. It represents the numerical data in visual figure to understand the data easily and quickly.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Textbook Question

Chapter A, Problem 1RQ

Exercise A1

Name three kinds of graphs and briefly state when is most appropriate to use each type of graph.

Expert Solution & Answer

To determine

To state:

The different types of graphs.

Explanation of Solution

There are three types of graphs that is line graphs, pie graphs, and bar graphs.

A line graph is a graphical diagram which displays the changes in information over time. This is also referred as a line chart. In the line graph, there are points which are connected to information or data and shows continuous change. A line graph is used to compare different information, situations, and events. The lines in the graph can descend line or can ascend line based on data.

A pie graph or pie chart is used to display whole information, data, and statistics in an easy to read manner. A circle represents the whole data or group and it contains the slices of data called pie and the varying size of pie show how much data elements are existing in it. Generally, the pie graph used for classification of whole information into the subparts based on their characteristics.

A bar graph is a chart that uses the height of bars to depicts the comparisons between a set of information or data. These bars can be horizontal or vertical. For example, a comparison of the population between two countries India and China. The horizontal line will show the name of the country and the vertical line will show the size of the population. The bars constructed for these two countries will represent the comparison between these two country’s population.

Economics Concept Introduction

Graphs: The graph is a two-dimensional diagram that shows the mathematical relationship between the variables. It represents the numerical data in visual figure to understand the data easily and quickly.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Textbook Question

Chapter A, Problem 1RQ

Exercise A1

Name three kinds of graphs and briefly state when is most appropriate to use each type of graph.

Expert Solution & Answer

To determine

To state:

The different types of graphs.

Explanation of Solution

There are three types of graphs that is line graphs, pie graphs, and bar graphs.

A line graph is a graphical diagram which displays the changes in information over time. This is also referred as a line chart. In the line graph, there are points which are connected to information or data and shows continuous change. A line graph is used to compare different information, situations, and events. The lines in the graph can descend line or can ascend line based on data.

A pie graph or pie chart is used to display whole information, data, and statistics in an easy to read manner. A circle represents the whole data or group and it contains the slices of data called pie and the varying size of pie show how much data elements are existing in it. Generally, the pie graph used for classification of whole information into the subparts based on their characteristics.

A bar graph is a chart that uses the height of bars to depicts the comparisons between a set of information or data. These bars can be horizontal or vertical. For example, a comparison of the population between two countries India and China. The horizontal line will show the name of the country and the vertical line will show the size of the population. The bars constructed for these two countries will represent the comparison between these two country’s population.

Economics Concept Introduction

Graphs: The graph is a two-dimensional diagram that shows the mathematical relationship between the variables. It represents the numerical data in visual figure to understand the data easily and quickly.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Textbook Question

Answer 6

Textbook Question

Answer 7

Expert Solution & Answer

To determine

To state:

The different types of graphs.

Explanation of Solution

There are three types of graphs that is line graphs, pie graphs, and bar graphs.

A line graph is a graphical diagram which displays the changes in information over time. This is also referred as a line chart. In the line graph, there are points which are connected to information or data and shows continuous change. A line graph is used to compare different information, situations, and events. The lines in the graph can descend line or can ascend line based on data.

A pie graph or pie chart is used to display whole information, data, and statistics in an easy to read manner. A circle represents the whole data or group and it contains the slices of data called pie and the varying size of pie show how much data elements are existing in it. Generally, the pie graph used for classification of whole information into the subparts based on their characteristics.

A bar graph is a chart that uses the height of bars to depicts the comparisons between a set of information or data. These bars can be horizontal or vertical. For example, a comparison of the population between two countries India and China. The horizontal line will show the name of the country and the vertical line will show the size of the population. The bars constructed for these two countries will represent the comparison between these two country’s population.

Economics Concept Introduction

Graphs: The graph is a two-dimensional diagram that shows the mathematical relationship between the variables. It represents the numerical data in visual figure to understand the data easily and quickly.

Answer 8

Expert Solution & Answer

To determine

To state:

The different types of graphs.

Explanation of Solution

There are three types of graphs that is line graphs, pie graphs, and bar graphs.

A line graph is a graphical diagram which displays the changes in information over time. This is also referred as a line chart. In the line graph, there are points which are connected to information or data and shows continuous change. A line graph is used to compare different information, situations, and events. The lines in the graph can descend line or can ascend line based on data.

A pie graph or pie chart is used to display whole information, data, and statistics in an easy to read manner. A circle represents the whole data or group and it contains the slices of data called pie and the varying size of pie show how much data elements are existing in it. Generally, the pie graph used for classification of whole information into the subparts based on their characteristics.

A bar graph is a chart that uses the height of bars to depicts the comparisons between a set of information or data. These bars can be horizontal or vertical. For example, a comparison of the population between two countries India and China. The horizontal line will show the name of the country and the vertical line will show the size of the population. The bars constructed for these two countries will represent the comparison between these two country’s population.

Economics Concept Introduction

Graphs: The graph is a two-dimensional diagram that shows the mathematical relationship between the variables. It represents the numerical data in visual figure to understand the data easily and quickly.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

To determine

To state:

The different types of graphs.

Answer 12

Explanation of Solution

There are three types of graphs that is line graphs, pie graphs, and bar graphs.

A line graph is a graphical diagram which displays the changes in information over time. This is also referred as a line chart. In the line graph, there are points which are connected to information or data and shows continuous change. A line graph is used to compare different information, situations, and events. The lines in the graph can descend line or can ascend line based on data.

A pie graph or pie chart is used to display whole information, data, and statistics in an easy to read manner. A circle represents the whole data or group and it contains the slices of data called pie and the varying size of pie show how much data elements are existing in it. Generally, the pie graph used for classification of whole information into the subparts based on their characteristics.

A bar graph is a chart that uses the height of bars to depicts the comparisons between a set of information or data. These bars can be horizontal or vertical. For example, a comparison of the population between two countries India and China. The horizontal line will show the name of the country and the vertical line will show the size of the population. The bars constructed for these two countries will represent the comparison between these two country’s population.

Answer 13

Economics Concept Introduction

Graphs: The graph is a two-dimensional diagram that shows the mathematical relationship between the variables. It represents the numerical data in visual figure to understand the data easily and quickly.

Answer 14

Ch. A - Exercise A1 Name three kinds of graphs and briefly...Ch. A - Exercise A2 What is slope on a line graph?Ch. A - Exercise A3 What dome slices of a pie chart...Ch. A - Exercise A4 Why is a bar chart the best way...Ch. A - Exercise A5 How does the appearance of positive...

Exercise A1 Name three kinds of graphs and briefly state when is most appropriate to use each type of graph.

Explanation of Solution

Want to see more full solutions like this?

Chapter A Solutions

Additional Business Textbook Solutions