The U.S. Census Bureau tracks sales per month for various products and services through its Monthly Retail
Question:
The U.S. Census Bureau tracks sales per month for various products and services through its Monthly Retail Trade Survey. Figure 1.12 shows monthly jewelry sales in millions of dollars for 2016.
a. Are the data quantitative or categorical?
b. Are the data cross-sectional or time series?
c. Which four months have the highest sales?
d. Why do you think the answers to part c might be the highest four months?
Transcribed Image Text:
Sales ($ Millions) 7000 6000 5000 4000 3000 2000 1000 0 Jan Estimated Monthly Jewelry Sales in the United States for 2016 Feb Mar Apr May Jun Jul Month Aug Sep Oct Nov Dec
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a Quantitative jewelry sales in millions of dollars b ...View the full answer
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Related Book For
Essentials Of Modern Business Statistics With Microsoft Excel
ISBN: 9780357131626
8th Edition
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
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