According to USA Today, the Largest Categories of Sports Equipment

question 8

Multiple Choice

According to USA Today, the largest categories of sports equipment sales are as follows: fishing ($2.0 billion) ; firearms and hunting ($3.1 billion) ; camping ($1.7 billion) ; golf ($2.5 billion) . What type of graph would depict these different categories and their relative
Amounts the best?

• A) A pie chart
• B) A bar chart
• C) A column chart
• D) A Pareto chart

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Definitions:

Sunk Cost Effect

The phenomenon where a person continues an endeavor because of previously invested resources (time, money, or effort), despite potential losses.

Availability Heuristic

The availability heuristic is a mental shortcut that relies on immediate examples that come to mind when evaluating a specific topic, concept, method, or decision.

Confirmation Bias

Confirmation bias is the tendency to search for, interpret, favor, and recall information in a way that confirms one’s preexisting beliefs or hypotheses.

Self-Serving Bias

A common cognitive bias where individuals attribute their successes to personal factors while attributing their failures to external factors.