The following data represent healthcare expenditures per capita (per person) and as a percentage of the U.S.

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The following data represent healthcare expenditures per capita (per person) and as a percentage of the U.S. gross domestic product (GDP) from 2007 to 2016. Gross domestic product is the total value of all goods and services created during the course of the year.

(a) Construct a time-series plot that a politician would create to support the position that healthcare expenditures are increasing and must be slowed.
(b) Construct a time-series plot that the healthcare 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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Fundamentals Of Statistics

ISBN: 9780136807346

6th Edition

Authors: Michael Sullivan III

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