Explain Why the Following Statement Is True: "When Constructing a Pie

question 29

Essay

Explain why the following statement is true: "When constructing a pie chart,the frequencies associated with each category must sum to N.Likewise,if working with proportions or percentages,these must sum to 1.0 or 100% respectively."

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Definitions:

Revenue Variance

The difference between actual revenue and budgeted or expected revenue.

Tenant-Days

A metric used in real estate or hospitality to measure the total number of days all units are rented out over a specific period.

Spending Variance

The difference between the actual amount spent on a particular expense category and the budgeted or planned amount for that category.

Food And Supplies

Items consumed or used in the operation of a business, particularly in industries like catering or hospitality.