Question

In: Economics

(5%) For each of the following data series, state what type of data you are dealing...

  1. (5%) For each of the following data series, state what type of data you are dealing with and which type of graph (from the list below) would be best (the most effective way) to describe the data.
  1. Column (bar) chart
  2. Line chart
  3. Pie chart
  4. Box-plot
  5. Histogram

Data series:

Need to answer what type of data and use which type of graph

1. The number of years since a person immigrated to Canada. These are individual level data collected as part of the 2006 census and are given for 11,000 people (i.e. there are 11,000 observations).

2. CPI in Canada, 1980 to 2015

3. Employment by major industry sectors across Canada in 2010.

Solutions

Expert Solution

1) since this data is a part of census study and done in a particular point of time in 2006 across 11000 people. so it is a cross section data and to plot the graph for this type of data could be best represented by the column(bar) chart as in this diagram we can plot the number of person immigrated to Canada each year. so we can plot year in the horizontal axis and number of person immigrated in the vertical axis.

2) this data is time series data. CPI could be best represent by the line chart. because CPI is a highly fluctuated data so we can plot this in a line chart efficiently then the other type of chart.

3: as this is a data set for only 2010 and have specific to employment in major industry this is a cross section type data with full observation. this data could be best represented by a pia chart. means we can plot it in percentagewise that in which sector how much percentage of the total employment are employed.

Rahul Sunny answered 5 months ago
Next > < Previous

Related Solutions

Construct a time series plot. What type of pattern exists in the data?
Consider the following time series data. Quarter Year 1 Year 2 Year 3 1 4 6 7 2 2 3 6 3 3 5 6 4 5 7 8 Construct a time series plot. What type of pattern exists in the data? The time series plot indicates a linear trend and a seasonal pattern Show the four-quarter and centered moving average values for this time series.   Compute seasonal indexes and adjusted seasonal indexes for the four quarters.
what type of a humane approach do you think is appropriate for dealing with deviant behavior...
what type of a humane approach do you think is appropriate for dealing with deviant behavior today?
What is the type of unemployment in the following scenario? State the unemployment type and explain...
What is the type of unemployment in the following scenario? State the unemployment type and explain in a few sentences why it is the case. 1 After completing a complex computer programming project, Tetsuo got fired from his work. His prospects for a new job requiring a similar set of skills are good, and he has signed up with a job placement service for a programmer. He has declined offers for low-paying jobs. 2 When Akira and his co-workers refused...
7. Construct a time series plot. Comment on what type of pattern exists in the data....
7. Construct a time series plot. Comment on what type of pattern exists in the data. Use a regression model with dummy variables as follow to explain sales: Qtr1 = 1 if quarter 1, 0 otherwise; Qtr2 = 1 if quarter 2, 0 otherwise; Qtr3 = 1 if quarter 3, 0 otherwise. Write out the model that you’ve estimated in equation form using the values of your estimates. Explain, in a sentence or two, what this model tells us. Use...
For each of the following independent cases of employees fraud, state the type of fraud and...
For each of the following independent cases of employees fraud, state the type of fraud and propose five controls you would implement to address the fraud risk. Label each control as preventive or detective. The front desk cashier for Financial Services is responsible for receiving auto loan payments from customers. When the payment is cash, he pretends that the payment is received but that he can't produce the receipt as the system is down. He pockets the cash and writes...
Use a 5 percent discount rate to compute the NPV of each of the following series...
Use a 5 percent discount rate to compute the NPV of each of the following series of cash receipts and payments: Use Appendix A and Appendix B. $6,200 received now (year 0), $1,890 paid in year 3, and $4,000 paid in year 5. $10,000 paid now (year 0), $12,690 paid in year 2, and $31,000 received in year 8. $20,000 received now (year 0), $13,500 paid in year 5, and $7,500 paid in year 10. (For all requirements, round discount...
Use a 5 percent discount rate to compute the NPV of each of the following series...
Use a 5 percent discount rate to compute the NPV of each of the following series of cash receipts and payments: Use Appendix A and Appendix B. $6,200 received now (year 0), $1,890 paid in year 3, and $4,000 paid in year 5. $10,000 paid now (year 0), $12,690 paid in year 2, and $31,000 received in year 8. $20,000 received now (year 0), $13,500 paid in year 5, and $7,500 paid in year 10. (For all requirements, round discount...
Use a 5 percent discount rate to compute the NPV of each of the following series...
Use a 5 percent discount rate to compute the NPV of each of the following series of cash receipts and payments: Use Appendix A and Appendix B. $6,200 received now (year 0), $1,890 paid in year 3, and $4,000 paid in year 5. $10,000 paid now (year 0), $12,690 paid in year 2, and $31,000 received in year 8. $20,000 received now (year 0), $13,500 paid in year 5, and $7,500 paid in year 10.
for each of the following audit procedures, (a) state the type of audit procedure used (e.g.,...
for each of the following audit procedures, (a) state the type of audit procedure used (e.g., observation), (b) state the general audit objective(s) tested by the procedure (no additional explanation is required), and (c) evaluate and briefly explain the reliability of the evidence produced by the audit procedure. Select a sample of the audit client’s suppliers’ invoices to see if these transactions have been recorded in the accounting records. Write to the audit client’s banks to ask for financial year-end...
For each of the following newspaper headlines, state whether the type of ambiguity involved is: phonological;...
For each of the following newspaper headlines, state whether the type of ambiguity involved is: phonological; morphological; lexical; structural. Burglar shoots man with rifle Missing child discovered dead with remote sensor Ted always beats Rosemary
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT