The pie chart below summarizes the results of a survey of 300 randomly selected students at a particular high school. The investigators asked about soft drink preferences at a local high school. 
(a)How many out of the 300 students indicated a preference for Dr. Pepper?
(b)Write a few sentences summarizing the soft drink preference for this sample of students.
(c)Using the information in the pie chart above, sketch a relative frequency bar chart for these data.
Definitions:
Total Utility
The complete gratification gained from the use of a certain quantity of goods or services.
Marginal Utility
The extra pleasure or benefit gained by a consumer from consuming an additional unit of a product or service.
Marginal Utility
The additional satisfaction or utility gained from consuming an extra unit of a good or service.
Water-Diamond Paradox
A concept in economics that questions why diamonds are more expensive than water despite water being essential for survival and diamonds not.
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