Question 2 For each of the following variables, indicate whether the data are time series or cross-sectional. v Spending on household goods recorded monthly. A. time series v The annual percentage change in the population of Houston recorded over the last 10 B. cross-sectional years. The percentage of adults 25-40 who report using online bill payment methods. v The number of students at a university who use the on-campus health and recreation center each day, recorded over a semester. v Revenue for the month of August in 2016 for all Starbucks locations in the Houston area. v A data set created today by a credit card bank showing the total spending of each of its customers for the last three months.
Question 2 For each of the following variables, indicate whether the data are time series or cross-sectional. v Spending on household goods recorded monthly. A. time series v The annual percentage change in the population of Houston recorded over the last 10 B. cross-sectional years. The percentage of adults 25-40 who report using online bill payment methods. v The number of students at a university who use the on-campus health and recreation center each day, recorded over a semester. v Revenue for the month of August in 2016 for all Starbucks locations in the Houston area. v A data set created today by a credit card bank showing the total spending of each of its customers for the last three months.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question

Transcribed Image Text:Question 2
For each of the following variables, indicate whether the data are time series or cross-sectional.
v Spending on household goods recorded monthly.
A. time series
v The annual percentage change in the population of Houston recorded over the last 10
B. cross-sectional
years.
v The percentage of adults 25-40 who report using online bil payment methods.
v The number of students at a university who use the on-campus health and recreation
center each day, recorded over a semester.
Revenue for the month of August in 2016 for all Starbucks locations in the Houston
area.
v A data set created today by a credit card bank showing the total spending of each of its
customers for the last three months.
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps

Recommended textbooks for you


Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON

Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON


Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON

Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON

Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning

Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning

Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education