Imagine One of Your Colleagues Is Constructing a Pie Chart

question 5

Multiple Choice

Imagine one of your colleagues is constructing a pie chart to graph results of the survey question "Which state do you live in?" What should be your first response upon reviewing their work?

• A)To note whether the "slices" of the pie sum to 100%
• B)To suggest that he or she has in fact used an inappropriate graphic device
• C)To ensure that the frequencies at each time point sum to N
• D)To check whether the bars representing the categories are contiguous as they should be

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Definitions:

Market Price

The current price at which an asset or service can be bought or sold in a marketplace.

Profit

The financial gain realized when the amount earned from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Bushels

A measure of volume commonly used in agriculture, especially in the United States, for quantifying crops like grains, fruits, and vegetables.

Market Price

The actual price at which any commodity is available in the market, determined by supply and demand.