Exotic Tea Prices. Year

Similar documents
Spheria Australian Smaller Companies Fund

Week of Monday Tuesday Wednesday Thursday Friday

CONTENTS COMMENTARY CHARTS TABLES GLOSSARY. Section 1: Headline Inflation Section 2: Core Inflation

Financial & Business Highlights For the Year Ended June 30, 2017

Common stock prices 1. New York Stock Exchange indexes (Dec. 31,1965=50)2. Transportation. Utility 3. Finance

2 nd Topic X: Budgets

Cost Estimation of a Manufacturing Company

PRESS RELEASE. Securities issued by Hungarian residents and breakdown by holding sectors. January 2019

The Market Watch Monthly Housing Report

PRESS RELEASE. Securities issued by Hungarian residents and breakdown by holding sectors. October 2018

1 3 STOCK MARKET DATA CHARTS

Security Analysis: Performance

XML Publisher Balance Sheet Vision Operations (USA) Feb-02

Business & Financial Services December 2017

PRESS RELEASE. Securities issued by Hungarian residents and breakdown by holding sectors. October 2017

Regional overview Gisborne

MLC at Boise State Logarithms Activity 6 Week #8

FOR RELEASE: MONDAY, MARCH 21 AT 4 PM

TERMS OF REFERENCE FOR THE INVESTMENT COMMITTEE

Regional overview Hawke's Bay

Graphical and Tabular Methods in Descriptive Statistics. Descriptive Statistics

Consumer Price Index, Jobless Claims, Housing Starts Each of These Reports Have Favorable Aspects to Note

Consumer Price Index (Base year 2014) Consumer Price Index

Math 2200 Fall 2014, Exam 1 You may use any calculator. You may not use any cheat sheet.

Consumer Price Index (Base year 2014) Consumer Price Index

In an earlier question, we constructed a frequency table for a customer satisfaction survey at a bank.

Babson Capital/UNC Charlotte Economic Forecast March 11, 2014

Choosing a Cell Phone Plan-Verizon Investigating Linear Equations

MONTHLY ECONOMIC INDICATORS

After the Rate Increase, What Then?

Consumer Price Index (Base year 2014) Consumer Price Index

1.2 The purpose of the Finance Committee is to assist the Board in fulfilling its oversight responsibilities related to:

OTHER DEPOSITS FINANCIAL INSTITUTIONS DEPOSIT BARKAT SAVING ACCOUNT

Managing Your Money: A Family Plan

Review of Registered Charites Compliance Rates with Annual Reporting Requirements 2016

1. (35 points) Assume a farmer derives utility from Income in the following manner

Chapter 1: Describing Data: Graphical 1.1

Regional overview Auckland

Performance Report October 2018

Ch. 13 Practice Questions Solution

Egg Entrepreneurship Records

QUESTION 2. QUESTION 3 Which one of the following is most indicative of a flexible short-term financial policy?

STAFF REPORT Corporate Services

Exam 1 Problem Solving Questions Review

M14/5/MATSD/SP2/ENG/TZ2/XX. mathematical STUDIES. Wednesday 14 May 2014 (morning) 1 hour 30 minutes INSTRUCTIONS TO CANDIDATES

Math 2311 Bekki George Office Hours: MW 11am to 12:45pm in 639 PGH Online Thursdays 4-5:30pm And by appointment

1 algebraic. expression. at least one operation. Any letter can be used as a variable. 2 + n. combination of numbers and variables

Big Walnut Local School District

SACU INFLATION REPORT. December 2017

UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education. 1hour

The Margin Protection Program for Dairy in the 2014 Farm Bill (AEC ) September 2014

PRESS RELEASE. Securities issued by Hungarian residents and breakdown by holding sectors. April 2016

WESTWOOD LUTHERAN CHURCH Summary Financial Statement YEAR TO DATE - February 28, Over(Under) Budget WECC Fund Actual Budget

CPA Australia Plan Your Own Enterprise Competition

Savings Index maintains momentum in January

Asda Income Tracker. Report: April 2013 Released: May Centre for Economics and Business Research ltd

Isle Of Wight half year business confidence report

Electric Price Outlook for Indiana High Load Factor (HLF) customers December 2016

1 Interest: Investing Money

Electric Price Outlook for Indiana Low Load Factor (LLF) customers December 2016

Performance Highlights

Portfolio Peer Review

IE 302 Engineering g Economy. Dr. M. Jeya Chandra Class #1

Pay or Play Penalties Look-back Measurement Method Examples

How Wealthy Are Europeans?

Edexcel past paper questions

Quarterly Statistical Digest

Media Release 9 th March 2015

Section 6621 of the Internal Revenue Code establishes the interest rates on

U.S. Natural Gas Storage Charts

The national monthly CPI (2008=100) increased from per cent in September, 2017 to per cent

Consumer Price Index (Base year 2014) Consumer Price Index

Section 6621(c) provides that for purposes of interest payable under 6601 on any large corporate underpayment, the underpayment

NATIONAL SUMMARY OF FIRST-TIME CLAIMANTS FOR UI

Misleading Graphs. Examples Compare unlike quantities Truncate the y-axis Improper scaling Chart Junk Impossible to interpret

(Internet version) Financial & Statistical Report November 2018

Constructing a Cash Flow Forecast

Key IRS Interest Rates After PPA

Quarterly Statistical Digest

SELF-STORAGE FOR SALE

Four Types of Price Variation: Applications for Marketing and Risk Management

Multidimensional Futures Rolls

Leading Economic Indicator Nebraska

Please scroll to find the 2018 and 2019 global fund holiday calendars.

Figure 1: Change in LEI-N August 2018

PHOENIX ENERGY MARKETING CONSULTANTS INC. HISTORICAL NATURAL GAS & CRUDE OIL PRICES UPDATED TO July, 2018

Department of Public Welfare (DPW)

Factor Leave Accruals. Accruing Vacation and Sick Leave

(Internet version) Financial & Statistical Report December 2017

(Internet version) Financial & Statistical Report December 2016

Leading Economic Indicator Nebraska

(Internet version) Financial & Statistical Report September 2017

Management Reports. June for PREPARED BY POWERED BY

Analyze the Market for a Seasonal Bias. It is recommended never to buck the seasonal nature of a market. What is a Seasonal Trend?

Executive Summary. July 17, 2015

Voya Indexed Universal Life-Protector

Mathematical Applications (200 marks)

MATHEMATICAL LITERACY: PAPER I

MATHEMATICAL LITERACY: PAPER I

SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question.

Transcription:

Price, cents per pound UNDERSTANDING HOW TO READ GRAPHS Information is often presented in the form of a graph, a diagram that shows numerical data in a visual form. Graphs enable us to see relationships that are difficult to describe with numbers alone. Reading Line Graphs In some graphs, points are plotted and connected by lines to present information. The following figure is such. The position of each dot represents the average price of tea, in cents per pound, for the year shown directly beneath it. The dots are connected by lines so that readers can see more clearly the changes, up and down, in the data. The most important thing to remember about reading line graphs is to inspect each axis to see the unit. For example, the graph below shows that the tea price is expressed in cents per pound, which means that the value 120 is 120 cents or $1.20 per pound. 160 140 Exotic Tea Prices 120 100 80 60 40 20 0 1982 1983 1984 1985 1986 Year In what year did tea first average more than 90 cents per pound? We locate 90 cents on the price scale at the left. A horizontal line at 90 cents crosses the graph just about at the 1983 mark. Between 1983 and 1984, the graph rises higher than 90 cents. So tea costs more than 90 cents a pound for the first time in 1983. Use the graph above to answer the following questions. 1. List the years in order from least expensive to most expensive. 2. Which two years showed the greatest increase in tea prices? 3. Which pairs of years showed tea prices rise by the same amount that tea prices fell? Reading Bar Graphs The bar graph on the next page shows the amount of electricity used daily, on the average, by a certain customer in each of 13 successive months.

KWH Average Daily Electric Use 10 9 8 7 6 5 4 3 2 1 0 Months Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Jan Information that helps you read the graph is given along the bottom and left side of the graph. Along the bottom are the months covered by the graph, abbreviated, from January 1996 to January 1997. There is one bar for each month. The height of the bar gives the average amount of electricity used per day in kilowatt hours (kwh) for its month. The height is read on the scale at the left of the graph. Sometimes the values are not consecutive; it depends on the size of the physical size of the graph. a. How many kilowatt hours did this customer use daily during March, to the nearest whole number? b. During four of the months shown, the customer used the same number of kilowatt hours per day. Which months were these? a. The third bar from the left, the bar for March, ends halfway between 2 and 4. Thus, during March this customer used 3 kilowatt hours per day. b. We must find four bars that are the same height. These occur in January of both years, February, and April.They have a height of 3 kwh. Use the Average Daily Electric Use graph to answer the following questions. 1. How many kilowatt hours were used in October? 2. How many kilowatt hours were used altogether in the months April and June? Reading a Histogram Some kinds of graphs use the widths and lengths of vertical bars to represent information. The graph shown here is a histogram. The width of each bar indicates the age intervals of about 15 years. The scale at the left indicates the number of tenants in each age interval. The length of each bar indicates how many tenants in the building fall within the specific age groups.

Number of tenants Survey of Building Occupants 10 9 8 7 6 5 4 3 2 1 0 0-14 15-29 30-44 45-59 60-74 75-89 90+ Age in years How many tenants are there altogether living in the building? To find the total number of tenants we must add all of the bars: 5 + 3 + 7 + 4 + 5 + 9 + 9 = 42 There are 42 tenants in the building. 1. What percent of the tenants in this building are less than 60 years of age? Round to the nearest whole percent. 2. What percent of the tenants are at least 30 but less than 60 years of age? Round to the nearest whole percent. 3. What percent of the tenants in this building are less than 90 years of age but at least 60 years old? Round to the nearest whole percent. 4. What is the ratio of the number of tenants under 30 to the number of tenants under 75 years of age? Reading A Circle Chart A common type of data display in business reports, newspapers, and magazines is a circle chart, or pie chart. In a circle chart, the total is represented as a circle, and the parts that make up the total are shown as slices. The numbers are usually given in the form of percents; the total is 100%. The following chart shows how a family spends its yearly income of $31,000. How much money does this family spend on transportation?

Family Budget of $31,000 25% 19% Other Recreation 10% Transportation Clothing 26% 5% 15% housing Food The chart indicates that 15% of the income is spent on transportation. We must answer the question: 15% of $31,000 is what? Writing as an equation and solving, we get n = 0.15 x 31,000 = 4650 So the family spends $4650 on transportation yearly. The chart below represents the way a third-world government intends to spend money received on the sale of oil to the United States. (The total amount of money received is $2 billion.) Use this information to answer exercises 1 and 2. AMOUNT SPENT ON SERVICES Agriculture 25% Transportation 20% Social services 24% Administration of states and cities 15% Industry 16%

1. How much will the country spend on social services and agriculture together? 2. How much more will be spent on industry than on the administration of states and cities? The chart below shows how a farmer in a certain third-world country spends his time. Assume that the entire circle represents a 16-hour work day, and use this information to answer Exercises 3-6. HOW A FARMER SPENDS HIS TIME Working his own fields 26% Collecting firewood 19% Helping other farmers 19% Watching his fields 22% Repairs and crafts 14% 3. How many hours does he spend working his own fields and helping other farmers? 4. How many minutes does he spend collecting firewood? 5. What is the ratio of the amount of time spent on repairs and crafts to the time spent working the farmer s own fields and helping other farmers? 6. What is the ratio of the amount of time a farmer spends sleeping to the amount of time shown in the chart? ANSWERS TO LINE GRAPH: 1. 1982, 1986, 1983, 1985, 1984 2. 1983 to 1984 3. 1982-1983 and 1985-1986 BAR GRAPH: 1. 93 kilowatt hours 2.360 kilowatt hours HISTOGRAM: 1. 45% 2. 26% 3. 33% 4. 1 3 CIRCLE GRAPH: 1. $980,000,000 2. $20,000,000 3. 7.2 hours 4. 182.4 minutes 5. 14/45 6. 1/2