Final answer:
To plot the data on a production possibilities graph, use the number of ships produced as the x-axis and the number of horses produced as the y-axis. Each point on the graph represents a combination of ship and horse production.
Step-by-step explanation:
To plot the data on a production possibilities graph, we need to understand the concept of production and the different combinations of ship and horse production. The data given in the table represents the number of ships and horses produced in hundreds of units. To plot this data, we can use the number of ships produced as the x-axis and the number of horses produced as the y-axis. Each point on the graph will represent a combination of ship and horse production. By connecting these points, we can create a production possibilities curve.