Does everything increase, every year? Sometimes it seems like it! The 2007 annual percentage rate of increase
Question:
a. Explain the meaning of: negative and positive values, large and small values, values near zero, values not near zero.
b. Examine the data in the table.What do you anticipate the distribution of percent change to look like? What do you think the mean percent change will be? Justify your estimate, without any preliminary work or calculations.
c. If you expect very little or no change, what value will the mean have? Explain.
d. Construct a histogram of the percent of change.
e. Calculate the mean percent of changes in consumption from 2006 to 2007.
f. The Federal Highway Administration reported the percentage increase for the entire United States as 0.4 of 1%. The value calculated for the mean in part e is not the same. Explain how this is possible.
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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