You Have Collected Information on the Consumption by the 15

question 79

Multiple Choice

You have collected information on the consumption by the 15 largest coffee-consuming nations.Which of the following is the best for presenting the shares of the consumption?

• A)A pie chart.
• B)A Pareto chart
• C)A side-by-side bar chart.
• D)A contingency table.

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Definitions:

Standard Error

A statistical measure that indicates the accuracy of a sample mean by estimating the dispersion of sample means around the population mean.

Statistic

A numerical measure that describes a characteristic of a sample, which is often used to estimate the corresponding parameter in the population.

Unknown Parameter

A value in a statistical model that must be estimated from the data because it is not known beforehand.

Sample Standard Deviations

Statistical measures that estimate the amount of variation or dispersion of a set of sample data points.