Has the percent increased at a fairly steady rate

Assignment Help Microeconomics
Reference no: EM131008385

The report "Wireless Substitution: Early Re- lease of Estimates from the National Health Interview Survey" (Center for Disease Control, 2009) gave the following estimates of the percentage of homes in the United States that had only wireless phone service at 6-month intervals from June 2005 to December 2008.

Percent with Only

6               800                 320

3             1190                 420

Date Wireless Phone Service

2             1090                 120

5                570                 290

3.5             1215                 285

2.5             1160                 390

0                520                 140

2.5             1120                 330

1                240                 120

3                650                 180

1             1620                 340

4                660                 380

3                840                 300

1.5             1050                 490

3             1440                 380

9                750                 560

1                500                 230

1.5             1200                 370

2.5             1200                 330

3             1250                 330

0             1040                 220

0                760                 260

2.5               780                 220

3                500                 230

a. Construct a scatterplot using y = calories and x = fat. Does it look like there is a relationship between fat and calories? Is the relationship what you expected? Explain.

b. Construct a scatterplot using y = calories and x = sodium. Write a few sentences commenting on the difference between the relationship of calories to fat and calories to sodium.

June 2005                                  7.3

December 2005                           8.4

June 2006                                  10.5

December 2006                           12.8

June 2007                                 13.6

December 2007                          15.8

June 2008                                 17.5

December 2008                          20.2

Construct a time-series plot for these data and describe the trend in the percent of homes with only wireless phone service over time. Has the percent increased at a fairly steady rate?

Reference no: EM131008385

Questions Cloud

Determine the molar flow of oxygen supplied to the boiler : a)Draw and label the flowchart and carry out the degree-of-freedom analysis using balances on atomic species.(b)Determine the molar flow of oxygen supplied to the boiler.
Investing activities include the acquisition : Investing activities include the acquisition and disposition of assets. Provide four specific examples. Identify two exceptions.
Problem regarding the erp effectiveness : When implementing a packaged Enterprise Resource Planning (ERP) system, many compa- nies report that the module they first install is Financial Accounting.
The sale of stock and the sale of bonds : The sale of stock and the sale of bonds are reported as financing activities. Are payments of dividends to shareholders and payments of interest to bondholders also reported as financing activities? Explain.
Has the percent increased at a fairly steady rate : Construct a scatterplot using y = calories and x = fat. Does it look like there is a relationship between fat and calories? Is the relationship what you expected? Explain.
Does the statement of cash flows report only transactions : Does the statement of cash flows report only transactions that cause an increase or a decrease in cash? Explain.
Overview of the divisions with links to divisional and brand : Overview of the divisions with links to divisional and brand sites - What did you learn; what could you now apply in your own organisation/new business ideas and what lessons would you like to share?
Find the total revenue at each of the prices shown : Find the total revenue at each of the prices shown. Confirm that the total revenue appears to be maximized at approximately the price where E = 1.
Write the null and alternative hypotheses : Online shopping, again. In 2004, it was reported that the average male spends more money shopping online per month than the average female, $204 compared to $186 (www.shop.org; accessed April 2008). Do the data reported in Exercise 46 indicate tha..

Reviews

Write a Review

 

Microeconomics Questions & Answers

  Elasticity of demand for long-distance calls

Each demand curve must eventually hit the quantity axis because with limited incomes there is always a value so high that there is no demand for the good.

  How is selling price determined at optimum level of output

A firm operating under monopolistic competition - a price maker - is facing an unexpected inventory build up due to a weakening national economy. How does this firm allocate output between its several plants? How is the selling price determined at th..

  What are the effects of the changes on the budget line

Originally the consumer faces the budget constraint p1x1+p2x2=m, then the price of good 1 doubles, the price of godd 2 becomes 8 times larger and income becomes 4 times larger. what are the effects of the changes on the budget line.

  Analyze a decision or phenomenon in workplace

Analyze a decision or phenomenon in workplace (or, with permission, a previous workplace or situation) using Coase's transaction-cost theory of the firm, especially as it relates to the make-or-buy decision.

  Aimed at understanding the breakeven selling price

This problem is aimed at understanding the breakeven selling price for a company. Assume you have started up a company for an initial investment called “Invest”. The return you expect is WACC. The investment can be written off over the length of the ..

  The current values of the deposit multiplier

Economists believe that the current values of the deposit multiplier and the money multiplier are widely divergent. Why might these values differ at present? What (if anything) do you think must happen for them to converge once again?

  During the countrys current economic malaise along with

during the countrys current economic malaise along with that of our local economy what can individuals and businesses

  Demonstrate that in the multiproduct-firm case

Demonstrate that in the multiproduct-firm case, equating the Lerner indexes for all products is equivalent to setting the prices proportional to their marginal costs. Explain why the Allais rule is inefficient.

  Which is an average annual rate of growth of personal income

This is an average annual tuition increase of 6.5% at public institutions and 7.0% at private institutions. Over the same time, average personal income after taxes rose from $6,517 to $33,705 per year, which is an average annu- al rate of growth..

  Describe the process of how that movement occurred using

equilibration is the process of moving between two equilibrium points as a result of some change in supply or demand.

  Derive an expression for average total cost

Derive an expression for average total cost (ATC). At what quantity is ATC at its minimum (at what ATC level)? In your diagram, sketch ATC and confirm that it is U-shaped. [Hint: Calculate ATC when and.

  Draw the diagram showing steady states of this model

in a country output is produced with labor and physical capital. the production function in per-worker terms is y k12.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd