Related questions with answers

The following table presents the number of reports of graffiti in each of New York’s five boroughs over a one-year period. These reports were classified as being open, closed, or pending.

OpenClosedPendingBoroughReportsReportsReportsTotalBronx1,1211,622802,823Brooklyn1,1702,706483,924Manhattan7443,380254,149Queens1,3532,043253,421Staten Island831180201Total4,4719,86917814,518\begin{array}{lrrrr} \hline & \text{Open} & \text{Closed} & \text{Pending} & \\ \text{Borough} & \text{Reports} & \text{Reports} & \text{Reports} & \text{Total}\\ \hline \text{Bronx} & 1,121 & 1,622 & 80 & 2,823\\ \text{Brooklyn} & 1,170 & 2,706 & 48 & 3,924\\ \text{Manhattan} & 744 & 3,380 & 25 & 4,149\\ \text{Queens} & 1,353 & 2,043 & 25 & 3,421\\ \text{Staten Island} & 83 & 118 & 0 & 201\\ \hline \text{Total} & 4,471 & 9,869 & 178 & 14,518\\ \end{array}

A graffiti report is selected at random. Compute the following probabilities.

a.\textbf{a.}\hspace{10pt} The report is open and comes from Brooklyn.

b.\textbf{b.}\hspace{10pt} The report is closed or comes from Queens.

c.\textbf{c.}\hspace{10pt} The report comes from Manhattan.

d.\textbf{d.}\hspace{10pt} The report does not come from Manhattan.

e.\textbf{e.}\hspace{10pt} The report is pending.

f.\textbf{f.}\hspace{10pt} The report is from the Bronx or Staten Island.

Question

Do you think that mandatory standards should be developed for the design of graphs of financial data that are included in annual reports and other periodic communications to investors? Why, or why not?

Solution

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  • There is no right answer to this question. In my opinion, I think that standards should be mandatory for designing graphs.

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