The histogram shows the monthly U.S. unemployment rate from January 2003 to January 2013 (data.bls.gov/timeseries/LNS14000000). Here is
Question:
The histogram shows the monthly U.S. unemployment rate from January 2003 to January 2013 (data.bls.gov/timeseries/LNS14000000).
Here is the time series plot for the same data.
a) What features of the data can you see in the histogram that aren€™t clear in the time series plot?
b) What features of the data can you see in the time series plot that aren€™t clear in the histogram?
c) Which graphical display seems the more appropriate for these data? Explain.
d) Write a brief description of unemployment rates over this time period in the United States.
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Step by Step Answer:
a The histogram shows that the distribution is bimodal b The trend over time c T...View the full answer
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Related Book For 
Business Statistics
ISBN: 9780321925831
3rd Edition
Authors: Norean Sharpe, Richard Veaux, Paul Velleman
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