Your friend is thinking about buying shares of stock in a company. You have been
ID: 3124851 • Letter: Y
Question
Your friend is thinking about buying shares of stock in a company. You have been tracking the closing prices of the stock shares for the past 90 trading days. Which type of graph for the data, histogram or time-series, would be best to show your friend? Why?
There is nothing wrong with using these class limits for the data set.
The class widths are too wide and not evenly spread out over the data range of 10 to 52.
Each data value must fall into only one class. The classes have overlapping values.
Each data value must fall into one class. The data values of 50 and above do not have a class.
Explanation / Answer
Time series because the pattern of stocks prices over time is more relevant than the frequency of a range of closing prices.
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