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STATISTICS F/BUSINESS+ECONOMICS-TE...

13th Edition
Anderson
ISBN: 9781305881884

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Chapter
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BuyFindarrow_forward

STATISTICS F/BUSINESS+ECONOMICS-TE...

13th Edition
Anderson
ISBN: 9781305881884
Textbook Problem

Figure 1.7 provides a bar chart showing the annual revenue for Google from 2004 to 2014. (The Wall Street Journal, August 19, 2014).

  1. a. What is the variable of interest?
  2. b. Arc the data categorical or quantitative?
  3. c. Arc the data time series or cross-sectional?
  4. d. Comment on the trend in Google revenue over time.

FIGURE 1.7 GOOGLE REVENUE

images

a.

To determine

Find the variable of interest.

Explanation

The given information is that the bar chart represents the annual revenue for Google from 2004 to 2014.

In the experiment, the ...

b.

To determine

Identify if the data are categorical or quantitative.

c.

To determine

Identify whether the data are time series or cross sectional.

d.

To determine

Interpret the trend in Google revenue over time.

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