Statistics for Business & Economics, Revised (MindTap Course List)
Statistics for Business & Economics, Revised (MindTap Course List)
12th Edition
ISBN: 9781285846323
Author: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
Publisher: South-Western College Pub
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Textbook Question
Chapter 1, Problem 13SE

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).

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

FIGURE 1.8    FEDERAL SPENDING

Chapter 1, Problem 13SE, Figure 1.8 provides a bar chart showing the amount of federal spending for the years 2004 to 2010

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Chapter 1 Solutions

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

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