Answered: Money Supply Weekly average of M2 in…

Name: M2 Money Supply. The Federal Reserve System publishes weekly figures o
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Description: M2 Money Supply. The Federal Reserve System publishes weekly figures of M2 money supply in the document Money Stock Measures. M2 includes such things as cash in circulation, deposits in checking accounts, nonbank traveler’s checks, accounts such as s

Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015

1st Edition

ISBN:9781680331141

Author:HOUGHTON MIFFLIN HARCOURT

Publisher:HOUGHTON MIFFLIN HARCOURT

Chapter11: Data Analysis And Displays

Section11.1: Measures Of Center And Variation

Problem 3E

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M2 Money Supply. The Federal Reserve System publishes weekly figures of M2 money supply in the document Money Stock Measures. M2 includes such things as cash in circulation, deposits in checking accounts, nonbank traveler’s checks, accounts such as savings deposits, and money-market mutual funds. The following bar chart provides data on the M2 money supply over 3 months during one year.

a. What is wrong with the bar chart?

b. Construct a version of the bar chart with a nontruncated and unmodified vertical axis.

c. Construct a version of the bar chart in which the vertical axis is modified in an acceptable manner.

Money Supply
Weekly average of M2 in trillions.
Week ending October 27
$7.8276 trillion
$8.0
$7.9
$7.8
$7.7
Пыl
$7.6
4 11 18 25 18 15 22 29 6 13 20 27
Aug.
Sep.
Oct.
Source: Federal Reserve System

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