Probability Is ________

question 25

Multiple Choice

Probability is ________.

• A)the observed result of an experiment
• B)the chance that an event will not happen
• C)the likelihood that an outcome occurs
• D)the number of successes divided by the number of failures

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Definitions:

Number of Employed

A metric that signifies the total count of people within an economy who are currently engaged in paid employment or self-employed.

Number of Unemployed

The total count of individuals who are actively seeking work but are currently without a job.

Labor-force Participation Rate

The percentage of the working-age population that is active in the labor market, either employed or actively seeking employment.

Labor Force

The total number of people employed and unemployed but looking for work within an economy.