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What does the intersection of the two lines in the mixed graph signify?
Practice Questions
Q1
What does the intersection of the two lines in the mixed graph signify?
A point of maximum sales.
A change in trend direction.
A point of equilibrium between the two variables.
A data error.
Questions & Step-by-Step Solutions
What does the intersection of the two lines in the mixed graph signify?
Steps
Concepts
Step 1: Understand that a mixed graph shows two lines representing different variables.
Step 2: Identify where the two lines cross each other; this is called the intersection.
Step 3: Recognize that at the intersection, the values of both variables are the same.
Step 4: Conclude that this point of intersection signifies a balance or equilibrium between the two variables.
No concepts available.
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