Question 2 For each of the following variables, indicate whether the data are time series or cross-sectional. v Spending on household goods recorded monthly. A. time series v The annual percentage change in the population of Houston recorded over the last 10 B. cross-sectional years. The percentage of adults 25-40 who report using online bill payment methods. v The number of students at a university who use the on-campus health and recreation center each day, recorded over a semester. v Revenue for the month of August in 2016 for all Starbucks locations in the Houston area. v A data set created today by a credit card bank showing the total spending of each of its customers for the last three months.
Question 2 For each of the following variables, indicate whether the data are time series or cross-sectional. v Spending on household goods recorded monthly. A. time series v The annual percentage change in the population of Houston recorded over the last 10 B. cross-sectional years. The percentage of adults 25-40 who report using online bill payment methods. v The number of students at a university who use the on-campus health and recreation center each day, recorded over a semester. v Revenue for the month of August in 2016 for all Starbucks locations in the Houston area. v A data set created today by a credit card bank showing the total spending of each of its customers for the last three months.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Question 2
For each of the following variables, indicate whether the data are time series or cross-sectional.
v Spending on household goods recorded monthly.
A. time series
v The annual percentage change in the population of Houston recorded over the last 10
B. cross-sectional
years.
v The percentage of adults 25-40 who report using online bil payment methods.
v The number of students at a university who use the on-campus health and recreation
center each day, recorded over a semester.
Revenue for the month of August in 2016 for all Starbucks locations in the Houston
area.
v A data set created today by a credit card bank showing the total spending of each of its
customers for the last three months.
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