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StatisticsStatistics for Business & Economics, Revised (MindTap Course List)Figure 1.8 provides a bar chart showing the amount of federal spending for the years 2004 to 2010 (Congressional Budget Office website, May 15, 2011). a. What is the variable of interest? b. Are the data categorical or quantitative? c. Are the data time series or cross-sectional? d. Comment on the trend in federal spending over time. FIGURE 1.8 FEDERAL SPENDINGBuyFind*arrow_forward*

12th Edition

David R. Anderson + 4 others

Publisher: South-Western College Pub

ISBN: 9781285846323

Chapter 1, Problem 13SE

Textbook Problem

Figure 1.8 provides a bar chart showing the amount of federal spending for the years 2004 to 2010 (Congressional Budget Office website, May 15, 2011).

- a. What is the variable of interest?
- b. Are the data categorical or quantitative?
- c. Are the data time series or cross-sectional?
- d. Comment on the trend in federal spending over time.

**FIGURE 1.8** FEDERAL SPENDING

Statistics for Business & Economics, Revised (MindTap Course List)

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