Question
3) Using a Time Series Graph, please plot the inflation rate for the U.S. from 2016 to 2023 using months on the x-axis: 2023 6.4
3) Using a Time Series Graph, please plot the inflation rate for the U.S. from 2016 to 2023 using months on the x-axis:
2023 | 6.4 | 6.0 | 5.0 | 4.9 | 4.0 | 3.0 | 3.2 | 3.7 | 3.7 | 3.2 | 3.1 | 3.4 | 4.1 |
2022 | 7.5 | 7.9 | 8.5 | 8.3 | 8.6 | 9.1 | 8.5 | 8.3 | 8.2 | 7.7 | 7.1 | 6.5 | 8.0 |
2021 | 1.4 | 1.7 | 2.6 | 4.2 | 5.0 | 5.4 | 5.4 | 5.3 | 5.4 | 6.2 | 6.8 | 7.0 | 4.7 |
2020 | 2.5 | 2.3 | 1.5 | 0.3 | 0.1 | 0.6 | 1.0 | 1.3 | 1.4 | 1.2 | 1.2 | 1.4 | 1.2 |
2019 | 1.6 | 1.5 | 1.9 | 2.0 | 1.8 | 1.6 | 1.8 | 1.7 | 1.7 | 1.8 | 2.1 | 2.3 | 1.8 |
2018 | 2.1 | 2.2 | 2.4 | 2.5 | 2.8 | 2.9 | 2.9 | 2.7 | 2.3 | 2.5 | 2.2 | 1.9 | 2.4 |
2017 | 2.5 | 2.7 | 2.4 | 2.2 | 1.9 | 1.6 | 1.7 | 1.9 | 2.2 | 2.0 | 2.2 | 2.1 | 2.1 |
2016 | 1.4 | 1.0 | 0.9 | 1.1 | 1.0 | 1.0 | 0.8 | 1.1 | 1.5 | 1.6 | 1.7 | 2.1 | 1.3 |
4) Calculate the Relative Frequency and Cumulative Frequency for the inflation rate.
Inflation Rate | |||
---|---|---|---|
Number of times at this rate | Frequency | Relative Freq. | Cumulative Freq. |
0% - 0.9% | |||
1% - 1.9% | |||
2% - 2.9% | |||
3% - 3.9% | |||
4% - 4.9% | |||
5% - 5.9% | |||
6% - 6.9% | |||
7% - 7.9% | |||
8% - 8.9% | |||
9% - 9.9% |
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