A sample of 50 TV viewers were asked, "Should TV sponsors pull their sponsorship from programs that draw numerous viewer complaints?" Below are the results of the survey. (Y = Yes; N = No; W = Without Opinion)
a.Construct a frequency distribution and a bar chart.
b.Construct a relative frequency distribution and a pie chart.
Definitions:
Sunk Costs
Costs that have already been incurred and cannot be recovered, and thus should not affect future business decisions.
Future Costs
Costs that will be incurred in the future, impacting decisions on investments, production, and other business activities.
Relevant
Relates to or directly impacts the subject under discussion.
Fixed Costs
Expenses that do not change with the level of production or sales over a short period, such as rent, insurance, and salaries.
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