Consider the following to answer the question(s) below:
A full service brokerage firm gathered information on how their clients were investing for retirement. Based on age, clients were categorized according to where the largest percentage of their retirement portfolio was invested and shown in the table below.

-One characteristic of a bar chart is
A) The bars can be displayed either vertically or horizontally.
B) There can be no gaps between the bars.
C) The bars should be of different widths.
D) It is used to display the distribution of a continuous variable.
E) It shows cumulative frequency.

Question

Consider the following to answer the question(s) below:
A full service brokerage firm gathered information on how their clients were investing for retirement. Based on age, clients were categorized according to where the largest percentage of their retirement portfolio was invested and shown in the table below.
 
-One characteristic of a bar chart is
A) The bars can be displayed either vertically or horizontally. 
B) There can be no gaps between the bars. 
C) The bars should be of different widths. 
D) It is used to display the distribution of a continuous variable. 
E) It shows cumulative frequency.

Quizplus · Accepted Answer

A characteristic of a bar chart is that the bars can be displayed either vertically or horizontally. This allows for flexibility in how the data is presented and can be useful for comparing values across different categories. Option B is incorrect because there can be gaps between the bars in some cases, such as when representing grouped data. Option C is also incorrect because the bars should be of equal width to accurately represent the data. Option D is not applicable as bar charts are typically used to display the distribution of categorical variables, not continuous variables. Option E is incorrect as cumulative frequency is shown in a cumulative frequency chart, not a bar chart.

Consider the Following to Answer the Question(s) Below