The Total Number of Runs Scored by the Players in the Previous

question 35

Essay

The total number of runs scored by the players in the previous problem is 198. The following pie chart shows the percentage of runs scored by each player:

a. What are the problems with using a pie chart to display these data?
b. What type of chart would be preferred for displaying the data in this pie chart?
c. Use a different type of chart to display the percentage of runs scored by each player that conveys the data better than the pie chart. Format the chart and add data labels to improve the chart's readability.

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Definitions:

Dodd-Frank Reform Act

A comprehensive piece of financial regulation passed in 2010 in the United States, aimed at preventing the recurrence of financial crises through increased regulation.

Capital Requirements

The minimum amount of capital a bank or other financial institution must hold as required by its financial regulator.

Derivatives Market

A financial market for derivative securities like futures and options, where assets are based on the value of other underlying financial instruments.

TED Spread

The difference between the interest rates on three-month U.S. Treasury bills and three-month Eurodollars having identical expiration dates, serving as an indicator of credit risk in the general economy.