Create a Graphical Display for the Data Given

question 5

Essay

Create a graphical display for the data given. You may choose any graphic type that you feel is appropriate. Write a few sentences explaining why you chose this type of display and a few sentences describing any interesting patterns in the data.
-The table below gives information about U.S. families with children under the age of 18. The table shows the percentage of these families that are two-parent families, the percentage that are maintained by a single mother, and the percentage that are maintained by a single father.

$$\begin{array}{l}\text { U.S. Families with Children Under } 18\\\begin{array} { c | c | c | c } \text { Year } & \text { Two-parent } & \text { Single mother } & \text { Single father } \\\hline 1981 & 77.6 \% & 20.0 \% & 2.4 \% \\1984 & 74.2 \% & 22.9 \% & 2.8 \% \\1987 & 73.0 \% & 23.7 \% & 3.2 \% \\1990 & 71.9 \% & 24.2 \% & 3.9 \% \\1993 & 69.8 \% & 25.9 \% & 4.3 \% \\1996 & 68.4 \% & 26.6 \% & 5.0 \% \\1999 & 68.2 \% & 26.3 \% & 5.5 \% \\2002 & 68.3 \% & 25.9 \% & 5.8 \%\end{array}\end{array}$$

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Definitions:

Quantitative Decision Rule

A structured approach that uses mathematical models and numerical data to help make decisions.

Time Value of Money

The concept that money available now is worth more than the same amount in the future due to its potential earning capacity.

Discounted Cash Flow

A valuation method used to estimate the value of an investment based on its expected future cash flows, adjusted for the time value of money.

Risk Adjustment

A process used in finance and insurance to modify predictions or values based on known risks or uncertainties to make them more accurate or representative.