Which of the Following Statements Is True About the 2008-09

question 155

Multiple Choice

Which of the following statements is true about the 2008-09 recession?

• A)During that period, job losses in the United States were minimal and the unemployment rate fell.
• B)During that period, job losses in the United States were minimal, but the unemployment rate rose.
• C)During that period, job losses in the United States were large, but the unemployment rate fell.
• D)During that period, job losses in the United States were large and the unemployment rate rose.
• E)By the end of the 2008-09 recession, payroll employment increased in the United States.

---

Definitions:

Average Regression Interval

Average regression interval describes the range within which the average value of the dependent variable falls, based on a linear regression model.

X Versus Y Correlation Interval

A range of values that estimates the strength and direction of the linear relationship between two variables.

Prediction Interval Estimate

An estimate of an interval in which future observations will fall, with a certain probability, given what has already been observed.

Confidence Interval Estimate

A range of values defined so that there is a specified probability that the value of a parameter lies within it.