A survey on the average pass percentage achieved by 4 of the top-ranked colleges of a city for 5 different years was conducted to rate the quality of teaching in each of these colleges.
a. Construct a line chart for the time series data for years 1 through 5 showing the average pass percentage in each college. Show the time series for all four colleges on the same graph.
b. What does the line chart indicate about the average pass percentage of the colleges between years 1 through 5? Discuss.
c. Construct a clustered column chart showing average pass percentage in each college using the years 1 through 5 data. Represent the years along the horizontal axis, and cluster the average pass percentages for the four colleges in each year. Which college is leading in each year?
Definitions:
Federal Debt
The total amount of money owed by the federal government, accrued from past borrowing.
Budget Enforcement Act
Legislation intended to enforce strict budgetary controls on federal spending, aiming to reduce the fiscal deficit.
Budget Deficit
A budget deficit occurs when a government's expenditures exceed its revenues over a specified period, leading to borrowing or the use of saved reserves to meet the shortfall.
Government Budget Deficit
occurs when a government's expenditures exceed its revenues, leading to borrowing or debt accumulation.
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