Elementary Statistics: A Step-by-Step Approach with Formula Card 9th Edition

Published by McGraw-Hill Education
ISBN 10: 0078136334
ISBN 13: 978-0-07813-633-7

Chapter 2 - Frequency Distributions and Graphs - Review Exercises - Page 103: 26

Answer

This graph is misleading because it only shows the percentages. Without the total dollar amount, we can not calculate the real difference between the the payoffs from the White Oak Casino and the nearest competitor’s casino. The $3\%$ difference between the bars will only be significant if the total amount of payoffs is large.
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