Assume That the Share of Whites in the Labor Force

question 6

Multiple Choice

Assume that the share of whites in the labor force is 85% and their unemployment rate is 10% and that the share of non-whites in the labor force is 15% and their unemployment rate is 14%.What is the overall unemployment rate?

• A)12.4%
• B)12.0%
• C)11.6.4%
• D)10.6%
• E)10.4%

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Definitions:

Confidence Interval

A selection of values, based on sample statistics, forecasted to incorporate the value of an unknown population parameter.

Population Mean

Population mean is the average of all the values in a population.

Standard Deviation

A statistic that measures the dispersion or variation of a dataset relative to its mean, indicating how spread out the data points are.

Population Mean

The average value of all items in a population, representing the central point of a data set.