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 1.9 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?

Figure 1.9

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Essentials Of Statistics For Business & Economics

ISBN: 9780357045435

9th Edition

Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran

See More Books

Question Posted: Jul 15, 2021 02:24 AM

See More Questions

Why do you think that some human resource managers might be reluctant to use information technology such as an HRIS? Do you think that the trend toward the use of Web 2.0 technologies and SaaS can...
Why do you think international trade volume has increased over time? In general, how are inefficient firms affected by the reduction in trade restrictions among countries and the continuous increase...
Why do you think Minkow was able to pull off the fraud at the church for so long and not be detected?
When completed submit your assignment to the appropriate area. Company A, an American company, owns Company B, a Canadian subsidiary. Company A borrowed 1,000,000 Canadian dollars as a hedge on its...
Use a graph to estimate the coordinates of the lowest point on the curve x = t3 - 3t, y = t2 + t + 1. Then use calculus to find the exact coordinates.
Occasionally you need to draw an object and then move it into place to accurately locate it. A) True B) False
The quark compositions of the proton and neutron are, respectively, uud and udd, where $\mathrm{u}$ is an up quark (charge $+\frac{2}{3} e$ ) and $\mathrm{d}$ is a down quark (charge...
Lavinia Lane received a check from Wilmore Enterprises, Inc., drawn on the Citizens Bank of Erehwon, in the sum of $10,000. Mrs. Lane indorsed the check Mrs. Lavinia Lane for deposit only, Account of...
Plot the following 2-D diagram using MATLAB/OCTAVE command line/m-file. Test image of Y (3 to 0 and 0 to 3) 3 2.5 2 1.5 1 0.5 0 0 2 3 5 6 X (0 to 6)
1. What are the important factors Joseph should consider prior to deciding if the airline contract would be a good one for the hotel? 2. Under what conditions might Joseph tell his revenue manager to...
Skechers U.S.A., Inc., is a performance footwear company headquartered in Manhattan Beach, California. The sales revenue for Skechers over a four-year period are as follows: a. Are these...
Many service companies collect data via a follow- up survey of their customers. For example, to ascertain customer sentiment, Delta Air Lines sends an email to customers immediately following a...
Use the simplex method to find an optimal solution to the problem in Exercise 25. Data From Exercise 25 Consider the following problem: Maximize subject to -X + 2x -x + and x 0, x2 0. x 1 X2 2
explains the significance of the following key concepts in corporate strategic management: VUCA environment, Corporate Foresight, Resource Based View of the Firm, Dynamic Capabilities Framework,...
In 2016 Longwood University hosted the only Vice Presidential Debate. It was an expensive endeavor that, along with the significant educational benefits to our campus, was also meant to encourage...
Comprehensive Problem 8-84 Part a-1 a. Determine Reba's federal income taxes due or taxes payable for the current year. Use Tax Rate Schedule for reference. (Do not round Intermediate values. Round...
Health capital decisions: Two parts a) What would happen to equilibrium level of health capital if there is an increase in educational attainment of the person concerned? To keep things simple,...
XYZ Company(worldwide clothing company) is aware that both macroeconomics and microeconomics play a general role in its organization's success. Top-level management has asked you to conduct research,...
What is the mass density of air at P = 1.0 atm and T = (a) 10 C and (b) 30 C? The average molecular mass of air is approximately 29 u.
The Thomas Corporation was organized on Jan. 1, 2020. On Dec. 31, 2021, the corporation lost most of its inventory in a warehouse fire before the year-end count of inventory was to take place. just...
Consider the experiment of rolling a pair of dice. Suppose that we are interested in the sum of the face values showing on the dice. a. How many sample points are possible? b. List the sample points....
Fortune magazine publishes an annual list of the 500 largest companies in the United States. The corporate headquarters for the 500 companies are located in 38 different states. The following table...
Junior Achievement USA and the Allstate Foundation surveyed teenagers aged 14 to 18 and asked at what age they think that they will become financially independent (USA today, April 30, 2012). The...
Calculate the ratio of total sales returns to total sales for each customer who has total sales exceeding $10,000. Prepare, print, and upload a PDF of a list of all sales and sales returns for the...
A company sold a building for $200,000 cash. It recorded a gain on the sale of $25,000. It had depreciated the asset for five of its ten-year useful life. What was the net book value of the asset at...
A company purchased equipment on January 1, 2010 for $100,000. Management expected the equipment to last four years with $0 residual value, and depreciated the asset accordingly. The equipment was...

The U.S. Census Bureau tracks sales per month for various products and services through its Monthly Retail

Question:

FIGURE 1.9 Estimated Monthly Jewelry Sales in the United States for 2016 7000 6000 5000 4000 3000 2000 Im 1000 Jan Feb Mar Apr May Jun Jul Month Aug Sep Oct Nov Dec Sales ($ Millions) Oct

Step by Step Answer:

a Quantitative is the correct answer Explanation This is quantitative data because m...View the full answer

Essentials Of Statistics For Business & Economics

Students also viewed these Sciences questions