Question

In: Statistics and Probability

A recent survey showed that the typical American who owns an automobile spends $ 2,950 in...

A recent survey showed that the typical American who owns an automobile spends $ 2,950 in expenses to operate it. Next, a detailed breakdown of the item's cost of generating the car appears. design an appropriate graph that represents the data and summarizes your findings in a brief report.

Items that generates the SPENDING/ EXPENSES


gasoline                                            $ 603


car loan interests                           $ 279


repairs                                             $930


insurance and license                  $646


depreciation                                  $492


total                                              $2,950.00


Solutions

Expert Solution

Here is the data:

Item Expense
Gasoline 603
Car Loan Interest 279
Repairs 930
Insurance and License 646
Depreciation 492

The appropriate graph would be:-

1. Bar Graph

2. Pie Chart

You can use either.

As seen from the above chart, the most expense on the operation of an automobile is the money spent on Repairs. Then the secondary most expensive part of owing a car is the money spent on insurance and license. Then obviously gasoline is a major expense of driving a car. The least expensive is the interest on the car but since it is spread out for many years, it figures that would be less expensive.

Let me know in comments if anything is not clear. Will reply ASAP. Please do upvote if satisfied.


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