Introduction to Probability and Statistics
Introduction to Probability and Statistics
14th Edition
ISBN: 9781133103752
Author: Mendenhall, William
Publisher: Cengage Learning
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Chapter 3.2, Problem 3.6E

Consumer Price Index The price of living in the United States has increased dramatically in the past decade, as demonstrated by the consumer price indexes (CPIs) for housing and transportation. These CPI are listed in the table for the years 1996 through the first half of 2010.3

Chapter 3.2, Problem 3.6E, Consumer Price Index The price of living in the United States has increased dramatically in the past

a. Create side-by-side comparative bar charts to describe the CPIs over time.

b. Draw two line charts on the same set of axes to describe the CPIs over time.

c. What conclusions can you draw using the two graphs in parts a and b? Which is the most effective?

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