MyLab Statistics with Pearson eText -- Standalone Access Card -- for Fundamentals of Statistics
5th Edition
ISBN: 9780134743295
Author: Michael III Sullivan
Publisher: PEARSON
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Textbook Question
Chapter 2.3, Problem 11AYU
Health Care Expenditures The following data represent health care expenditures per capita (per person) and as a percentage of the U.S. gross domestic product (GDP) from 2003 to 2012. Gross domestic product is the total value of all goods and services created during the course of the year.
Health Care | ||
Year | per Capita | as a percent of GDP |
2003 | 11,512 | 15.4 |
2004 | 12,277 | 15.5 |
2005 | 13,095 | 15.5 |
2006 | 13,858 | 15.6 |
2007 | 14,480 | 15.9 |
2008 | 14,720 | 16.4 |
2009 | 14,418 | 17.4 |
2010 | 14,958 | 17.4 |
2011 | 15,534 | 17.3 |
2012 | 16,245 | 17.2 |
Source: Center for Medicare and Medicaid Services, Office of the Actuary |
- a. Construct a time-series plot that a politician would create to support the position that health care expenditures are increasing and must be slowed.
- b. Construct a time-series plot that the health care industry would create to refute the opinion of the politician. Is your graph convincing?
- c. Explain how different measures may be used to support two completely different positions.
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The accompanying data represent health care expenditures per capita (per person) as a percentage of the gross
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Click the icon to view the data table.
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The table below shows total expenditures for colleges and universities in millions of dollars. All data are in current dollars.
Year
1970
1980
1990
2000
2010
Expenditures
21,063
56,914
134,666
236,754
462,100
Make a table that shows the absolute change in expenditures over each 10-year period.
Period
Increase ($ millions)
1970-1980
1980-1990
1990-2000
2000-2010
Estimating Useful Life and Percent Used UpThe property and equipment footnote from the Deere & Company Equipment and Operations segment follows.Property and Depreciation A summary of property and equipment at October 31 follows.
Useful Lives*
Property and Equipment ($ millions)
(Years)
2015
2014
Land
$114
$120
Buildings and building equipment
23
2,794
3,037
Machinery and equipment
11
4,833
5,089
Dies, patterns, tools, etc
8
1,567
1,552
All other
5
875
889
Construction in progress
345
530
Total at cost
10,528
11,217
Less accumulated depreciation
5,846
5,694
Total
$4,682
$5,523
*Weighted averages
Total property and equipment additions in 2015, 2014 and 2013 were $666 million, $1,016 million and $1,158 million, and depreciation was $692 million, $696 million and $637 million, respectively.a. Compute the average useful life of Deere’s depreciable assets at year-end 2015.
Round answer to one decimal place.Answer
years…
Chapter 2 Solutions
MyLab Statistics with Pearson eText -- Standalone Access Card -- for Fundamentals of Statistics
Ch. 2.1 - Define raw data in your own words.Ch. 2.1 - A frequency distribution lists the _____ of...Ch. 2.1 - In a relative frequency distribution, what should...Ch. 2.1 - What is a bar graph? What is a Pareto chart?Ch. 2.1 - Flu Season The pie chart shown, the type we see in...Ch. 2.1 - Cosmetic Surgery This USA Today type chart shows...Ch. 2.1 - Most Valuable Player The following Pareto chart...Ch. 2.1 - Poverty The U.S. Census Bureau uses money income...Ch. 2.1 - Divorce The following graph represents the results...Ch. 2.1 - Identity Theft Identity fraud occurs when someone...
Ch. 2.1 - Made in America A random sample of 2163 adults...Ch. 2.1 - Desirability Attributes A random sample of 2163...Ch. 2.1 - College Survey In a national survey conducted by...Ch. 2.1 - College Survey In a national survey conducted by...Ch. 2.1 - Use the Internet? 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