What would you do if you won $1 million? A survey was taken of 1,078 adults who were asked what they would spend money on first if they won $1 million in a March Madness NCAA pool. The results are shown at the top of the next column:
a. Construct a bar chart, a pie chart, and a Pareto chart.
b. Which graphical method do you think is best for portraying these data?
c. What conclusions can you reach concerning what adults would do with $1 million?
Spending Choice Percentage (%)
Buy Final Four tickets.....................................4
Charity.......................................................4
Pay off debt...............................................59
Save it......................................................16
Take a cruise................................................8
Take money, never enter pool again....................4
Take luck to Las Vegas...................................5