Step by step solution to "Jack has collected money for a buisness start..."

High School
Statistics and Probability
High school statistics
Data distributions

sodni3

Answered question

2021-01-17

Jack has collected money for a buisness start up from different sources:
1st. $56,500.
2nd. $38,000.
3rd. $128,000.
4th. $22,500.
a) Find the total amount collected.
b) Detirmine the percentage of each source's money from the total amount. Translate into degrees for a pie chart.

Answer & Explanation

Bentley Leach

Skilled2021-01-18Added 109 answers

a) $56,500+$38,000+$128,000+$22,500=$245,000
b) 1st: $\frac{$ 56, 500}{$ 245, 000} \approx 0.231 = 23.1 %$
$0.231 \times 360^{\circ} \approx 83^{\circ}$
2nd: $\frac{$ 38, 000}{$ 245, 000} \approx 0.155 = 15.5 %$
$0.155 \times 360^{\circ} \approx 56^{\circ}$
3rd: $\frac{$ 128, 000}{$ 245, 000} \approx 0.522 = 52.5 %$
$0.522 \times 360^{\circ} \approx 188^{\circ}$
4th: $\frac{$ 22, 500}{$ 245, 000} \approx 0.092 = 9.2 %$
$0.092 \times 360^{\circ} \approx 33^{\circ}$

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