In the United States, agriculture is big business. For the period 20202021, agriculture accounted for nearly 20%
Question:
In the United States, agriculture is big business. For the period 2020–2021, agriculture accounted for nearly 20% of gross domestic product. Farming is the main driver of the industry. In 2020, there were 2.019 million farms in the United States, comprising a land area of 896,600 thousand acres. The average farm size was 444 acres. Each farm generates sales dollars for its owner.
a. Using the following table based on 2020 data, create a histogram for relative frequency of farms in each sales class.b. Create a pie chart of percent of total farm land in each class.c. Write a summary of the results that describes the percent of total farms in each sales class and the percent of total farm acreage in each sales class. Be specific.
Step by Step Answer:
Statistical Techniques In Business And Economics
ISBN: 9781265779696
19th Edition
Authors: Douglas Lind, William Marchal, Samuel Wathen