Each category of a pie chart occupies a segment of the pie that represents the cumulative relative frequency of that category.
Indicate whether the statement is true or false
Q. 2The event the first customer in the store today will be a female is an example of a simple event.
Indicate whether the statement is true or false
Q. 3Pie charts are an excellent tool for comparing proportions for qualitative (categorical) data.
Indicate whether the statement is true or false
Q. 4Gathering information from potential customers in an effort to determine their preferences is an example of using statistics in the field of ________.
A) marketing research
B) advertising
C) operations
D) finance
Q. 5Pareto charts display the categories in an increasing order with the least problematic categories shown first.
Indicate whether the statement is true or false
Q. 6Using income data to determine the credit worthiness of a consumer who wishes to purchase a new car is an example of using statistics in the field of ________.
A) marketing research
B) advertising
C) operations
D) finance
Q. 7The event the first two customers in the store today will pay with cash is an example of a simple event.
Indicate whether the statement is true or false
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