Practice Interpreting Data

Front

What is demand in economics?

Back

Demand refers to the quantity of a product that consumers are willing and able to purchase at various prices.

Front

How do you read a graph to find specific data points?

Back

Locate the price or category on the x-axis, then find the corresponding value on the y-axis.

Front

What does a bar graph represent?

Back

A bar graph represents categorical data with rectangular bars, where the length of each bar is proportional to the value it represents.

Front

What is the purpose of a line graph?

Back

A line graph is used to show trends over time by connecting data points with a line.

Front

How can you determine the wettest month from a rainfall graph?

Back

Identify the month with the highest bar or point on the graph, which indicates the most rainfall.

Front

What does a pie chart show?

Back

A pie chart shows the relative proportions of different categories as slices of a whole.

Front

How do you calculate the percentage of a total?

Back

Divide the part by the total and multiply by 100.

Front

What is the significance of the x-axis and y-axis in a graph?

Back

The x-axis typically represents the independent variable, while the y-axis represents the dependent variable.

Front

What does it mean if a graph has two sets of data?

Back

It means that the graph compares two different variables or categories.

Front

How can you interpret a graph with multiple lines?

Back

Each line represents a different data set; compare the lines to see trends and differences between the data sets.