Question: 3) Using a Time Series Graph, please plot the inflation rate for the U.S. from 2016 to 2023 using months on the x-axis: 2023 6.4

3) Using a Time Series Graph, please plot the inflation rate for the U.S. from 2016 to 2023 using months on the x-axis:

2023

6.4

6.0

5.0

4.9

4.0

3.0

3.2

3.7

3.7

3.2

3.1

3.4

4.1

2022

7.5

7.9

8.5

8.3

8.6

9.1

8.5

8.3

8.2

7.7

7.1

6.5

8.0

2021

1.4

1.7

2.6

4.2

5.0

5.4

5.4

5.3

5.4

6.2

6.8

7.0

4.7

2020

2.5

2.3

1.5

0.3

0.1

0.6

1.0

1.3

1.4

1.2

1.2

1.4

1.2

2019

1.6

1.5

1.9

2.0

1.8

1.6

1.8

1.7

1.7

1.8

2.1

2.3

1.8

2018

2.1

2.2

2.4

2.5

2.8

2.9

2.9

2.7

2.3

2.5

2.2

1.9

2.4

2017

2.5

2.7

2.4

2.2

1.9

1.6

1.7

1.9

2.2

2.0

2.2

2.1

2.1

2016

1.4

1.0

0.9

1.1

1.0

1.0

0.8

1.1

1.5

1.6

1.7

2.1

1.3

4) Calculate the Relative Frequency and Cumulative Frequency for the inflation rate.

Inflation Rate

Number of times at this rate

Frequency

Relative Freq.

Cumulative Freq.

0% - 0.9%

1% - 1.9%

2% - 2.9%

3% - 3.9%

4% - 4.9%

5% - 5.9%

6% - 6.9%

7% - 7.9%

8% - 8.9%

9% - 9.9%

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!