Question

A line chart of these data would provide what type of illustration of US stock values?...

A line chart of these data would provide what type of illustration of US stock values?

New Stock Issued

Trading Volume of Existing Stock

1990

$23.90

$1,750.00

1991

$75.90

$2,175.00

1992

$101.80

$2,600.00

1993

$130.80

$3,575.00

1994

$76.90

$3,875.00

1995

$97.10

$5,425.00

1996

$151.90

$7,250.00

1997

$153.40

$10,125.00

1998

$152.70

$12,975.00

1999

$191.70

$19,800.00

2000

$204.50

$31,200.00

2001

$169.70

$21,600.00

2002

$154.00

$17,425.00

2003

$156.30

$16,625.00

2004

$202.70

$20,175.00

2005

$190.40

$23,900.00

2006

$190.50

$28,700.00

2007

$247.50

$36,700.00

2008

$242.61

$35,525.00

2009

$264.17

$28,289.63

2010

$261.65

$31,078.91

2011

$198.38

$32,766.80

2012

$281.77

$31,297.20

2013

$300.65

$32,226.04

2014

$311.40

$44,668.59

Income Statement

Time series

Cross-section

Average

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Answer #1

Time series

The line chart will depict the values of new stock issued and trading volume over a time period. It will be depicted annually and hence it is a time series of the data.

Income statement is a statement of expenses and revenues and is not a graphical representation. Cross sectional data is the data collected without regard to time which is not the case here. Average refers to the mathematical average of the data and is a key statistic. The line chart will not depict the average unless specifically computed and marked.

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