Question 2. The following data show the number of rental cars in service for three rental car companies: Hertz, Avis, and Dollar. The data are for the years 2007-2010 and are in thousands of vehicles. Please answer following questions with the help of Excel. Cars in Service (in 1000s) Company Hertz Dollar Avis 2007 327 167 204 2008 311 140 220 2009 286 106 300 2010 290 108 270 a) Construct a time series graph for the years 2007 to 2010 showing the number of rental cars in service for each company. Show the time series for all three companies on the same graph. (. b) Given a), describe how the market shares are changing over time for the three companies. ( c) Construct a bar chart showing rental cars in service for 2010. Is this chart based on cross-sectional or time series data? d) Construct a pie chart showing the market shares for 2007. Which company is the market leader in that year? (
Question 2. The following data show the number of rental cars in service for three rental car companies: Hertz, Avis, and Dollar. The data are for the years 2007-2010 and are in thousands of vehicles. Please answer following questions with the help of Excel. Cars in Service (in 1000s) Company Hertz Dollar Avis 2007 327 167 204 2008 311 140 220 2009 286 106 300 2010 290 108 270 a) Construct a time series graph for the years 2007 to 2010 showing the number of rental cars in service for each company. Show the time series for all three companies on the same graph. (. b) Given a), describe how the market shares are changing over time for the three companies. ( c) Construct a bar chart showing rental cars in service for 2010. Is this chart based on cross-sectional or time series data? d) Construct a pie chart showing the market shares for 2007. Which company is the market leader in that year? (
Chapter1: Making Economics Decisions
Section: Chapter Questions
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