Questions
ISOM2500 (L4) Practices for Module 1 (A)
Single choice
The manager of specialty outdoor store has gathered the following data concerning sales (in hundreds of dollars) of all the items sold by the store in the previous 2 months: Item Type Number Sold Sales $ (00s) Pants, jackets, and insulating layers 150 125 Hats and gloves 30 15 Socks and shoes 75 400 Skiing hardware 25 65 Climbing hardware 70 45 Which of the following would be the best choice for showing the share of sales due to each Item Type?
Options
A.The mode
B.The median
C.A side-by-side bar chart
D.A Pareto chart using the Number Sold for each type. [Pareto chart is out of scope]
E.A relative frequency table
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Step-by-Step Analysis
The question asks which visualization best shows the share of sales attributed to each Item Type, using the sales data provided.
Option 1: The mode. The mode identifies the most frequent value in a data set. Here, we are dealing with sales totals by item type, not a repeat value within a single dataset. The mode would not convey the proportional share of total sales by type, so this choice is inappropriate.
Option 2: The media......Login to view full explanationLog in for full answers
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