mtes Provide an appropriate response. The graph below shows the average cost of

Question

mtes Provide an appropriate response. The graph below shows the average cost of renting a studio in Tampa in each of the years 2002 through 2006. By what percentage does the average price increase from 2002 to 2003? Obtain a second version of the graph by sliding a piece of paper over the bottom of the graph so that the bars start at 300. In this new graph, by what percentage does the price appear to increase from 2002 to 2003? Is the second graph misleading? Average cost to rent studio() 600 500 400 300 200 100 02 03 04 05 06 Year

Explanation / Answer

Answer :

The average price increases by 25% from 2002 to 2003. Using the second graph, the price appears to double from 2002 to 2003 (i.e. it appears to increase by 100%).The second graph is misleading because the differences between the bars seem bigger (relatively) than they really are.

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