In recent years, the United States and Japan have engaged in intense negotiations regarding restrictions on trade between the two countries.  One of the claims made repeatedly by U.S. officials is that many Japanese manufacturers price their goods higher in Japan than in the United States, in effect subsidizing low prices in the United States by extremely high prices in Japan.  According to the U.S. argument, Japan accomplishes this by keeping competitive U.S. goods from reaching the Japanese marketplace.                  Automobile Retail Prices (thousands of dollars)       USA Sales: 18.2 16.2 17.2 18.7 18.4 16.6 14.9 16.8 12.1 10.8   18.5 15.5 16.2 16.3 18.2 19.5 13.2 16.8 12.9 17.2   18.2 16.3 16.8 16.4 18.6 15.6 17.1 18.1 18.9 19.0   17.3 18.8 14.9 16.7 20.3 17.1 14.6 17.2 13.0 18.4   16.9 13.3 16.3 15.9 16.6 17.6 16.0 17.1 14.6 18.0 Japan Sales: 18.5 14.0 18.2 21.1 13.9 18.7 14.9 16.4 16.3 18.0   16.8 19.8 17.3 16.6 14.9 16.3 16.5 15.4 17.6 20.1   16.4 18.0 17.5 18.4 19.8 14.8 18.2 16.7 20.2 16.2 a) Generate descriptive statistics USA sales and Japan sales, respectively.

Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter2: Systems Of Linear Equations
Section2.4: Applications
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In recent years, the United States and Japan have engaged in intense negotiations regarding restrictions on trade between the two countries.  One of the claims made repeatedly by U.S. officials is that many Japanese manufacturers price their goods higher in Japan than in the United States, in effect subsidizing low prices in the United States by extremely high prices in Japan.  According to the U.S. argument, Japan accomplishes this by keeping competitive U.S. goods from reaching the Japanese marketplace.

 

 

 

           Automobile Retail Prices (thousands of dollars)

 

 

 

USA Sales:

18.2

16.2

17.2

18.7

18.4

16.6

14.9

16.8

12.1

10.8

 

18.5

15.5

16.2

16.3

18.2

19.5

13.2

16.8

12.9

17.2

 

18.2

16.3

16.8

16.4

18.6

15.6

17.1

18.1

18.9

19.0

 

17.3

18.8

14.9

16.7

20.3

17.1

14.6

17.2

13.0

18.4

 

16.9

13.3

16.3

15.9

16.6

17.6

16.0

17.1

14.6

18.0

Japan Sales:

18.5

14.0

18.2

21.1

13.9

18.7

14.9

16.4

16.3

18.0

 

16.8

19.8

17.3

16.6

14.9

16.3

16.5

15.4

17.6

20.1

 

16.4

18.0

17.5

18.4

19.8

14.8

18.2

16.7

20.2

16.2

a) Generate descriptive statistics USA sales and Japan sales, respectively.

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