Final answer:
A histogram is most useful for identifying the most common price range for homes (tallest bar) and the distribution of home prices, while less useful for assessing trends or changes in home prices over time like the last 6 months.
Step-by-step explanation:
When examining a histogram for information about home prices in an area such as Bradenton, Florida, certain questions can be answered more efficiently. Specifically:
- b) What is the most common price range for homes in the area? - A histogram readily shows which price range has the most homes, as this will correspond to the tallest bar.
- a) What is the distribution of home prices in Bradenton, Florida? - A histogram visualizes the entire distribution of data, giving an immediate sense of how home prices are spread across different ranges.
However, a histogram is less helpful for:
- d) What is the overall trend in home prices? - Trends over time often require a different type of chart, such as a line graph, which shows changes over sequential time periods.
- c) How do the home prices vary in the last 6 months? - Again, this is more about changes over time which a histogram, focused on a single point in time, cannot provide.