Question
Consider; What was the level of the CPIU for that month? (See Table 1 Consumer Price Index for All Urban Consumers). What does this number
Consider;
What was the level of the CPIU for that month? (See Table 1 "Consumer Price Index for All Urban Consumers"). What does this number represent?
What was the rate of inflation (percentage change in the CPIU) for the last available month? How does that rate of inflation compare with the rate in the previous month?
What was the rate of inflation (percentage change in the CPIU) for the last 12 months for "all items"?
Which two categories of goods or services had the greatest price increase for the last 12 months? Which two categories of goods or services had the lowest price increase for the last 12 months?
Which two categories of goods or services had the largest price decrease for the last 12 months?
Who loses from inflation?
Who benefits from inflation?
Please analyze and discuss the significance of the data that you received for this Data Exercise. Reflect on what you have learned from this exercise.
Part 3: Unemployment Data by Labor Force Groups and Duration (30% of the project grade)
Go to https://www.govinfo.gov/app/collection/erp
This is the home page of the Economic Report of the President.
Use the following groups: less than an high school diploma; high school graduates, no college; some college or associate degree; bachelor's degree and higher.
a.Present the result in your project as a table.
b.Create one or more charts (line graph, bar graph, etc.).
3.Use the Economic Report of the President (Table B-28.?Unemployment by duration and reason) to find data on the duration of unemployment for each year 2000 to present.
Present the result in your project as a table.
Create one or more charts (line graph, bar graph, etc.).
In this paper consider, but do not be limited to the following:
Which years had the highest and lowest unemployment rates? How do the rates compare among these groups?
Compare the unemployment rates by educational attainment. How do the rates compare among these groups? What relationship, if any, do you find?
Compare the distribution of unemployment by duration over these years. Which years had the highest and lowest unemployment duration? What relationship, if any, do you find?
Demographic studies show that the proportion of teenagers and minorities in the U.S. population is likely to increase in the near future. In your opinion, what implications, if any, will this trend have on the unemployment rate?
Please analyze and discuss the significance of the data that you received for this Data exercise. Reflect on what you have learned from this exercise.
Daily inspections results for the model 4116 electrical screwdriver assembly line, during the month of May, are given in the table below.
DateNumber Inpected Number Non-conforming
1-May 500 5
2-May 550 6
3-May 700 8
4-May 620 13
5-May 700 7
8-May 550 8
9-May 650 7
10-May 600 6
11-May 470 9
12-May 450 16
15-May 590 7
16-May 550 8
17-May 530 7
18-May 530 10
19-May 650 3
22-May 680 8
23-May 450 2
24-May 500 18
25-May 400 3
26-May 550 8
29-May 600 10
30-May 700 4
31-May 660 9
1-Jun 450 8
2-Jun 500 6
a) Plot a p chart for this process.
b) Assuming that out of control points are assignable, prepare the revised p chart for the following weeks in the month of June (tip: to calculate the new control limits use the closest multiple of 10 to the average number of inspection).
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started