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correct 36%
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Corporation A consists of three distinct divisions: one focused on cosmetics, another on apparel, and the third on accessories. The line graph above illustrates the profit generated by these divisions over a five-year period, measured in thousands of dollars.
Select from each drop-down menu the option that creates the most accurate statement, given the information provided.
Based on the available information, the Division in had the largest share of total profit in any given year.
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Corporation A consists of three distinct divisions: one focused on cosmetics, another on apparel, and the third on accessories. The line graph above illustrates the profit generated by these divisions over a five-year period, measured in thousands of dollars.
Select from each drop-down menu the option that creates the most accurate statement, given the information provided.
Based on the available information, the Division in had the largest share of total profit in any given year.
Official Solution:
We need to identify which division's profit accounted for the largest share of the total profit in a particular year.
• In 2014, the Apparel Division, with a profit of 40 thousand, accounted for more than 50% of the total profit of 75 thousand.
• In 2015, the Cosmetics Division, with a profit of 35 thousand, accounted for approximately 40% of the total profit of 90 thousand.
• In 2016, the Cosmetics Division, with a profit of 40 thousand, accounted for approximately 40% of the total profit of 105 thousand.
• In 2017, the Apparel Division, with a profit of 50 thousand, accounted for approximately 40% of the total profit of 130 thousand.
• In 2018, the Accessories Division, with a profit of 65 thousand, accounted for approximately 40% of the total profit of 165 thousand.
Therefore, the Apparel Division accounted for the largest share of the total profit in 2014.
We are calculating highest market share for a divisision in a particular year. While visually it might look higer numbers towards the right might be correct, but if you see the numbers in 2014 - 40/75 (over 50%) for apparel is the highest market share amongst all the other years mentioned
Corporation A consists of three distinct divisions: one focused on cosmetics, another on apparel, and the third on accessories. The line graph above illustrates the profit generated by these divisions over a five-year period, measured in thousands of dollars.
Select from each drop-down menu the option that creates the most accurate statement, given the information provided.
Based on the available information, the Division in had the largest share of total profit in any given year.
The question asked is which division had the largest share of total profit, i.e. we want the division which has higher profit percentage that year than others.
In the year 2014, total profit is 74 k and the apparel is giving 40k, so the percentage is more here i.e 40/75*100. in comparison to other years and divisions.
Alternate way: the result will have a stretched graph for higher and lower profits for any year. so by observation, we can eliminate other years than 2014 as profits for 3 divisions are around similar levels. Hence, answer is apparel and 2014.