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 | 24,532,000 | 12.1 |
| Accident | 13,770,000 | 6.8 |
| Motor | 94,442,000 | ? |
| Marine | 49,536,000 | 24.5 |
| Miscellaneous | 20,040,000 | ? |
| 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.
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