The following table lists the number of daily visitors to the Web site of a new business during its first year. Month Number Month Number 1 2 3 4 5 6 5,400 5,372 5,265 5,250 5,289 5,350 7 8 9 10 11 12 5,600 5,520 5,280 5,400 5,448 5,500 a. Graph the data with a time-series plot using a vertical scale from 5,000 to 5,700.b. Graph the data with a time-series plot using a vertical scale from 4,000 to 7,000. c. Comment on the difference between these two time-series plots.
The following table lists the number of daily visitors to the Web site of a new business during its first year. Month Number Month Number 1 2 3 4 5 6 5,400 5,372 5,265 5,250 5,289 5,350 7 8 9 10 11 12 5,600 5,520 5,280 5,400 5,448 5,500 a. Graph the data with a time-series plot using a vertical scale from 5,000 to 5,700.b. Graph the data with a time-series plot using a vertical scale from 4,000 to 7,000. c. Comment on the difference between these two time-series plots.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The following table lists the number of daily visitors to the Web site of a new business during its first year.
| Month | Number | Month | Number |
|
1 2 3 4 5 6 |
5,400 5,372 5,265 5,250 5,289 5,350 |
7 8 9 10 11 12 |
5,600 5,520 5,280 5,400 5,448 5,500 |
a. Graph the data with a time-series plot using a vertical scale from 5,000 to 5,700.
b. Graph the data with a time-series plot using a vertical scale from 4,000 to 7,000.
c. Comment on the difference between these two time-series plots.
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