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Must make time series graph but have no statistical software!! Please show steps. Due tomorrow help me
Median total annual income of Canadian residents(s Year | Lowest 20% of earners | Middle 20% of earners | High 11 100 11 700 12 300 12 500 13 200 12 900 12 000 12 400 13 000 13 300 13 500 13 700 14 500 13 300 50 500 50 500 50 400 51 900 50 700 48 800 46 900 47 200 48 000 48 600 48 800 49 700 51 100 48 800 116 300 120 100 118 900 121 100 119 400 118 600 118 100 117 700 120 300 122 300 123 800 126 100 129 200 127 600 1977 1978 1979 1980 1981 1982 1984 1985 1986 1987 1989 1990 continued
media%2F588%2F58816e18-b50e-4553-863d-1e
media%2Fda3%2Fda36de01-b3a2-45b6-9622-30
Highest 20% of earners Lowest 20% of earners 14 300 13 000 13 200 13 600 13 500 14 300 14 700 14 700 14 800 14 200 14 300 14 700 Middle 20% of earners 50 500 49 900 49 800 52 000 53 900 55 300 55 800 55 600 55 700 55 700 56 500 56 900 Year 139 900 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 141 900 146 500 153 900 162 300 169 600 169 400 167 800 166 700 170 600 168 500 168 000
Use either a pencil and paper or statistical software to create two time-series graphs: one for all 30 years of data of the total annual income for the lowest 20% of earners in Ontario, and the other for the highest Describe any similarities and differences between the two graphs and comment on any similarities and differences between the time-series graphs created earlier for the Canadian data. (4 marks) For both the lowest and highest 20% ofearners: a) 74. 20% ofearners in Ontario. 75. Use statistical software to determine the equations of the line of best fit for each of your time-series graphs in Key Question 74. Include this line on your graphs. (4 marks) Use the equations from part (a) to predict the following: b) The total annual income for each group in 2025 (2 marks) c) The year that the highest 20% of earners in Ontario will earn $180 000 (1 mark) d) The year that the lowest 20% of earners in Ontario will earn $18 000 (1 mark) Determine the overall percent change of the total annual income for all three income groups. Compare this Ontario data with the Canadian data. Are there any differences between the two sets of data? (4 marks) 76. Calculate the yearly ratio of total annual incomes for the highest 20% of earners to the lowest 20% of earners in Ontario. Plot this data as a time-series graph and describe any trends. How does this compare to the data for all of Canada? (6 marks) 77. Describe how you plan and collect data for a study similar to the one done for Canada that compares the total annual income distribution to that of another country, such as the United States. (4 marks) 78.
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