The histogram shows themonthly U.S. unemployment rate from January 2003 toAugust 2017. Here is the time series
Question:
The histogram shows themonthly U.S. unemployment rate from January 2003 toAugust 2017.
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 ...View the full answer
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Related Book For 
Business Statistics
ISBN: 9780134705217
4th Edition
Authors: Norean Sharpe, Richard Veaux, Paul Velleman
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