Statistics for Business and Economics
8th Edition
ISBN: 9780132745659
Author: Paul Newbold, William Carlson, Betty Thorne
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Question
Chapter 1.4, Problem 21E
To determine
A time series plot of students enrolled in colleges based on gender.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
The following table shows data on the relationship between a worker's years of education and the salary he or she is likely to earn.
Education
Salary
(Years) (Thousands of dollars per year)
4
SALARY (Thousands of dollars per year)
Use the orange points (square symbol) to plot the data from the table on the graph below. Line segments will automatically connect the points.
50
45
8
12
40
15
25
35
Salary
Teresa
Ghana
Nigeria
Life
expectancy
at birth
(years)
61.1
52.5
Mean years
of schooling
(years)
7.0
5.2
Expected
years of
schooling
(years)
11.5
9.0
Gross national
income (GNI) per
capita
(PPP S)
3,532
5,353
Using the country values shown above, calculate the life expectancy and income indices for Ghana and
Nigeria.
Now suppose that you instead observe the value of exports for all the different products (e.g., corn, soybeans, pork, dairy products, etc.) that Colombia purchases from the US from 2000 to 2019.
What type of data is this?
Group of answer choices
Panel
Random sample
Time-series
Cross-sectional
Chapter 1 Solutions
Statistics for Business and Economics
Ch. 1.2 - Prob. 1ECh. 1.2 - Prob. 2ECh. 1.2 - Prob. 3ECh. 1.2 - Prob. 4ECh. 1.2 - Prob. 5ECh. 1.2 - Prob. 6ECh. 1.2 - Prob. 7ECh. 1.2 - Prob. 8ECh. 1.3 - Prob. 9ECh. 1.3 - Prob. 10E
Ch. 1.3 - Prob. 11ECh. 1.3 - Prob. 12ECh. 1.3 - Prob. 13ECh. 1.3 - Prob. 14ECh. 1.3 - Prob. 15ECh. 1.3 - Prob. 16ECh. 1.3 - Prob. 17ECh. 1.3 - Prob. 18ECh. 1.3 - Prob. 19ECh. 1.4 - Prob. 20ECh. 1.4 - Prob. 21ECh. 1.4 - Prob. 22ECh. 1.4 - Prob. 23ECh. 1.4 - Prob. 24ECh. 1.4 - Prob. 25ECh. 1.4 - Prob. 26ECh. 1.4 - Prob. 27ECh. 1.4 - Prob. 28ECh. 1.4 - Prob. 29ECh. 1.5 - Prob. 30ECh. 1.5 - Prob. 31ECh. 1.5 - Prob. 32ECh. 1.5 - Prob. 33ECh. 1.5 - Prob. 34ECh. 1.5 - Prob. 35ECh. 1.5 - Prob. 36ECh. 1.5 - Prob. 37ECh. 1.5 - Prob. 38ECh. 1.5 - Prob. 39ECh. 1.5 - Prob. 40ECh. 1.5 - Prob. 41ECh. 1.5 - Prob. 42ECh. 1.5 - Prob. 43ECh. 1.5 - Prob. 44ECh. 1.5 - Sales revenue totals (in dollars) by day of the...Ch. 1.5 - Prob. 46ECh. 1.6 - Prob. 47ECh. 1.6 - Prob. 48ECh. 1.6 - Prob. 49ECh. 1.6 - Prob. 50ECh. 1 - Prob. 51ECh. 1 - Prob. 52ECh. 1 - Prob. 53ECh. 1 - Prob. 54ECh. 1 - Prob. 55ECh. 1 - Prob. 56ECh. 1 - Prob. 57ECh. 1 - Prob. 58ECh. 1 - Prob. 59ECh. 1 - Prob. 60ECh. 1 - Prob. 61ECh. 1 - Prob. 62ECh. 1 - Prob. 63ECh. 1 - Prob. 64ECh. 1 - Prob. 65ECh. 1 - Prob. 66ECh. 1 - Prob. 67ECh. 1 - Prob. 68ECh. 1 - Prob. 69ECh. 1 - Prob. 71ECh. 1 - Prob. 72ECh. 1 - Prob. 73ECh. 1 - Prob. 74E
Knowledge Booster
Similar questions
- The following histogram represents the distribution of scores on a ten point quiz. Step 3 of 3: What is the total number of people who made a score between 2 and 4 inclusive? Quiz Scores Frequency 16 14 12 10 0 4- 2- 0 0 13 +2 == 1 2 ו 4 5 Score -~ 96 7 ☐ 8 60 9 10arrow_forwardYpsilanti Market Research conducted a survey to find out whether people who earn more money purchase more expensive goods. The following graph indicates the relationship between income the survey subjects earned and the price of the car that they purchased. The variable shown on the vertical axis is __________ (options: thousands of dollars per car, thousands of dollars per year, income, thousands of dollars, price, number of goods). The units for the variable on the horizontal axis are _________ (options: thousands of dollars per car, thousands of dollars per year, income, thousands of dollars, price, number of goods). There are two ways to view the information presented on the graph. First, the graph tells us the amount a person with a certain income is likely to spend on a car, and second, it tells us the probable income of a person who spent a certain amount on a car. For example, if an individual earned $50,000 last year and purchased a new car, you would expect that person to…arrow_forwardConsider the following data:Number of Customers a Restaurant Serves per Year Year 20002000 20012001 20022002 20032003 20042004 20052005 20062006 20072007 20082008 Customers 16,56516,565 17,13517,135 15,25815,258 14,36914,369 15,92915,929 16,76116,761 16,90216,902 18,65918,659 16,64616,646 Step 1 of 2 : Find the two-period weighted moving average for the year 20072007 with weights of 33 (one time period in past) and 11 (two time periods in past). If necessary, round your answer to one decimal place.arrow_forward
- 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.arrow_forwardC= 150 + 0.85Y I= 350 Use the expenditure method to calculate the country's equilbruim income and display the answer graphically.arrow_forwardregression, econometricsarrow_forward
- A restaurant has tracked the number of meals served at lunch over the last four weeks. The data show little in terms of trends, but do display substantial variation by day of the week. Use the following information to determine the seasonal (daily) indices for this restaurant. Week Day 1 2 3 4 Sunday 40 35 39 43 Monday 54 55 51 59 Tuesday 61 60 65 64 Wednesday 72 77 78 69 Thursday 89 80 81 79 Friday 91 90 99 95 Saturday 80 82 81 83arrow_forwardPlease answer and show complete solution. Thank you!arrow_forwardDifferentiate and explain the following terms: i. Time Series Data and Cross Sectional Dataarrow_forward
- 1arrow_forwardThe following histogram shows the exam scores for a Prealgebra class. Use this histogram to answer the questions. Frequency 24 20 16 4 15 0 Prealgebra Exam Scores 17 16 12 60 19 70.5 75.5 80.5 85.5 90.5 95.5 100.5 Scores Step 2 of 5: Find the upper class limit of the second class.arrow_forwardWhen considering data metrics, the first task is to define just what we want to occur and what we need to measure. True Falsearrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Principles of Economics (12th Edition)EconomicsISBN:9780134078779Author:Karl E. Case, Ray C. Fair, Sharon E. OsterPublisher:PEARSON
Engineering Economy (17th Edition)EconomicsISBN:9780134870069Author:William G. Sullivan, Elin M. Wicks, C. Patrick KoellingPublisher:PEARSON
Principles of Economics (MindTap Course List)EconomicsISBN:9781305585126Author:N. Gregory MankiwPublisher:Cengage Learning
Managerial Economics: A Problem Solving ApproachEconomicsISBN:9781337106665Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike ShorPublisher:Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-...EconomicsISBN:9781259290619Author:Michael Baye, Jeff PrincePublisher:McGraw-Hill Education
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