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.
Definitions:
Perfectly Elastic
A demand situation where a small change in price leads to an infinite change in the quantity demanded.
Price-Elasticity Of Demand
A way to quantify the effect price changes have on the demand for a good.
Quantity Demanded
The total amount of a good or service that consumers are willing and able to purchase at a given price within a specified period.
Price Elasticity Of Demand
A measure reflecting how price adjustments influence the demand quantity of a good.
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