Final answer:
The statement is True; a histogram displays data at a single point in time, whereas a time series graph displays data collected over multiple points in time, often highlighting trends and changes in the observed variable.
Step-by-step explanation:
The statement is True. A histogram is used to display the distribution of a dataset at a single point in time. It is a type of bar graph where each bar represents a range of data, and the height of the bar corresponds to the frequency of data within that range. The bars are typically of equal width and are contiguous. This type of graph is particularly useful for showing the distribution of large, continuous, and quantitative data sets.
In contrast, a time series graph is a line graph that represents data over a period of time. The horizontal axis shows time, and the vertical axis shows another variable—usually the one being measured or observed. Points are plotted to show the value of this variable at successive times, and these points are often joined by lines to highlight trends or patterns over time. Time series graphs are vital for analyzing how data changes over time and for spotting trends.