For Exercises 15 and 16, use the grand slams data from Table 25.
tradebalance
16. Using the classes in the previous exercise, construct a relative frequency distribution.
The United States currently maintains a negative trade balance with many countries around the world, meaning that we import more from those countries than we export to them. This tends to increase unemployment here in the United States. The data in Table 26 represent the exports, imports, and trade balance of the United States with a sample of 11 countries, for the month of June 2014.
| Country | Exports to | Imports from |
Trade balance |
|---|---|---|---|
| Brazil | 3.5 | 2.5 | 1 |
| France | 2.8 | 4 | −1.2 |
| Germany | 4.5 | 10 | −5.6 |
| India | 1.9 | 3.2 | −1.3 |
| Italy | 1.2 | 3.7 | −2.4 |
| Japan | 5.6 | 11.3 | −5.6 |
| South Korea | 3.8 | 5.6 | −1.8 |
| Saudi Arabia | 1.7 | 3.5 | −1.8 |
| United Kingdom | 4.4 | 4.4 | 0 |