Between 1950 and 2012, the Average Duration of Unemployment in the U.S

question 36

Multiple Choice

Between 1950 and 2012, the average duration of unemployment in the U.S.

• A)increased to about 24 weeks after each recession
• B)decreased to about 15 weeks after each recession
• C)increased before and during each recession but declined sharply after the recession was officially over
• D)all of the above
• E)none of the above

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Definitions:

Analysis of Variance (ANOVA)

A statistical method used to test the difference between two or more means by analyzing variances.

T-test

A statistical test used to compare the mean of a sample to a known value, or the means of two samples, to assess if the differences are statistically significant.

Regression Analysis

The statistical process for estimating the relationships among variables, often used to predict a dependent variable from one or more independent variables.

Indicator Variables

Variables in statistics used to represent categorical data with values indicating the presence or absence of a characteristic.