Solutions Statistics

The following table represents health care expenditures in the United States from 1970 through 2000.

Question: The following table represents health care expenditures in the United States from 1970 through 2000.

Health Care Expenditures In The

United States
(In Billions)

Year National Healthcare Total Federal Government Total
1970 74.4 17.7
1971 82.3 20.4
1972 92.3 22.9
1973 102.5 25.2
1974 116.1 30.5
1975 132.9 36.4
1976 152.2 42.9
1977 172 47.6
1978 193.7 54.3
1979 217.2 61.4
1980 250.1 72
1981 290.2 84
1982 326.1 93.3
1983 358.6 103.2
1984 389.6 112.6
1985 422.6 123.6
1986 454.8 133.1
1987 494.1 144
1988 546 156.7
1989 602.8 175
1990 666.2 195.4
1995 990.2 322.4
2000 1309.4 416

a) Create a time series plot for the data in the above table.

b) Comment on the trend.

Price: $2.99
See Solution: The downloadable solution consists of 2 pages
Solution Format: Word Document


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