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?
  1. A point of maximum sales.
  2. A change in trend direction.
  3. A point of equilibrium between the two variables.
  4. A data error.

Questions & Step-by-Step Solutions

What does the intersection of the two lines in the mixed graph signify?
  • 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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