Figure provides a bar chart showing the amount of federal spending for the years 2004 to 2010

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Figure provides a bar chart showing the amount of federal spending for the years 2004 to 2010 (Congressional Budget Office website, May 15, 2011).

a. What is the variable of interest?
b. Are the data categorical or quantitative?
c. Are the data time series or cross-sectional?
d. Comment on the trend in federal spending overtime.

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Essentials Of Statistics For Business And Economics

ISBN: 9781305081598

7th Edition

Authors: David Anderson, Thomas Williams, Dennis Sweeney, Jeffrey Cam

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Question Posted: Feb 16, 2015 01:26 AM

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Figure provides a bar chart showing the amount of federal spending for the years 2004 to 2010

Question:

3.5 3.0 2.5 2.0 1.5 1.0 0.5 2004 2005 2006 2007 2008 2009 2010 Year

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Essentials Of Statistics For Business And Economics

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