Final answer:
A time series is created by plotting monthly shipment data on a graph with time on the x-axis and percentage of on-time shipments on the y-axis. This visual representation helps identify trends and anomalies in the data.
Step-by-step explanation:
The question asks to construct a time series based on the monthly percentages of all shipments received on time for the Fawims Company over the past 12 months. A time series is a sequence of data points typically consisting of successive measurements made over a time interval. With the given data, a time series graph could be created by plotting the percentages on the y-axis and the corresponding months on the x-axis. This graphical representation would allow us to see trends, patterns, or fluctuations in the data over time. The goal in constructing such a graph is to identify any consistencies or anomalies that might affect future shipments or operational efficiency.
To construct the time series, you would start by labeling the x-axis with the months, and the y-axis with the percentage scale starting from the lowest percentage to the highest. Each data point would then be plotted and connected with a line to the next to visually represent the change in percentages over the respective months.