The following table presents the amount spent, in billions of dollars, on national defense by the U.S.

Question:

The following table presents the amount spent, in billions of dollars, on national defense by the U.S.

government every other year for the years 1951 through 2017.

The amounts are adjusted for inflation, and represent 2017 dollars.image text in transcribed

a. Construct a time-series plot for these data.

b. The plot covers seven decades, from the 1950s through the period 2010–2017. During which of these decades did national defense spending increase, and during which decades did it decrease?

c. The United States fought in the Korean War, which ended in 1953. What effect did the end of the war have on military spending after 1953?

d. During the period 1965–1968, the United States steadily increased the number of troops in Vietnam from 23,000 at the beginning of 1965 to 537,000 at the end of 1968.
Beginning in 1969, the number of Americans in Vietnam was steadily reduced, with the last of them leaving in 1975. How is this reflected in the national defense spending from 1965 to 1975?

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Related Book For  book-img-for-question

Elementary Statistics

ISBN: 9781259969454

3rd Edition

Authors: William Navidi, Barry Monk

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