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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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