Unemployment 2017. The histogram shows the monthly U.S. unemployment rate from January 2003 to August 2017. Here

Question:

Unemployment 2017. The histogram shows the monthly U.S. unemployment rate from January 2003 to August 2017.

Here is the time series plot for the same data.

a) What features of the data can you see in the histogram that aren’t clear in the time series plot?

b) What features of the data can you see in the time series plot that aren’t clear in the histogram?

c) Which graphical display seems the more appropriate for these data? Explain.

d) Write a brief description of unemployment rates over this time period in the United States.

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Related Book For  book-img-for-question

Business Statistics

ISBN: 9781292269313

4th Global Edition

Authors: Norean Sharpe, Richard De Veaux, Paul Velleman

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