Solve the Problem. -Wagenlucht Ice Cream Company Is Always Trying to Create New

question 12

Multiple Choice

Solve the problem.
-Wagenlucht Ice Cream Company is always trying to create new flavors of ice cream. They are market testing three kinds to find out which one has the best chance of becoming popular. They give small samples of each to 50 people at a grocery store. 10 ice cream tasters preferred the Strawberry Cream, 30 preferred Choco-Nuts, and 10 loved the Orange Mint. Construct a Pareto chart to represent these preferences. Choose the vertical scale so that the relative frequencies are represented.

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Definitions:

East India Company

A historic British trading company, formed in the 17th century, which played a major role in the economic and political control of India until the mid-19th century.

Monopoly

An economic condition in which a single company or entity has exclusive control over a particular market, lacking competition.

Export

The act of sending goods or services from one country to another for the purpose of trade.

John Locke

John Locke was a 17th-century English philosopher and political theorist, known for his contributions to liberal political thought and his influence on the concepts of natural rights and government by consent.