The table below shows the direct premium income of non-life insurance business for Nigeria in a particular year. Use the data to answer the questions that f...

Question 1 Report

The table below shows the direct premium income of non-life insurance business for Nigeria in a particular year. Use the data to answer the questions that follow: 

Type Value  in Naira Percentage value
Fire
Accident
Motor
Marine
Miscellaneous
 
24,532,000
13,770,000
94,442,000
49,536,000
20,040,000
12.1
6.8
?
24.5
?
Total 202,320,000 100

(a) Calculate the missing percentages for motor and miscellaneous premium incomes.

(b) (i) Construct a percentage bar graph to illustrate the above statistics.
(ii) State two disadvantages of a percentage bar graph.

(c) Suggest an alternative method of representing the statistics.