Which statement is supported by the information in the graph? …

History Questions

Which statement is supported by the information in the graph? A. Businesses in some industries have a greater chance of survival than others. B. Businesses in the healthcare industry are more likely to fail. C. Less than half of businesses in the healthcare industry survive more than five years. D. Most businesses fail after just one year.

Short Answer

The analysis reveals that less than half of businesses in the healthcare industry survive beyond five years, which is corroborated by data from a graph comparing survival rates across various industries. The conclusion emphasizes that the healthcare sector has a notably low survival rate, making it critical to recognize the challenges these businesses face.

Step-by-Step Solution

Step 1: Understand the Statement

The key assertion is that less than half of businesses in the healthcare industry survive beyond five years. This is the main focus derived from the graph’s data. It’s essential to grasp what is being claimed, as it directly relates to the survival rate of healthcare businesses specifically.

Step 2: Analyze the Graph

To support the statement, examine the graph that illustrates the survival rates of businesses across various industries. Key points to look for include:

  • The percentage of healthcare businesses surviving after five years.
  • Comparison to survival rates of other industries.
  • Any trends or patterns indicated in the data over time.

This analysis helps confirm the validity of the survival rate mentioned in the statement.

Step 3: Draw Conclusions

After reviewing the graph, conclude that the healthcare industry exhibits a relatively low survival rate compared to others. Based on your analysis, you can confidently assert that option C is the most accurate statement, as it encapsulates the data presented in the graph effectively. This conclusion is vital for understanding the challenges faced by healthcare businesses.

Related Concepts

Statement

A declaration or assertion regarding a particular fact or situation

Survival Rate

The percentage of businesses that remain operational after a specified period, often used to measure business longevity

Analysis

The detailed examination of data or information to interpret and draw conclusions from it.

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