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Based on Table 6 A)842 Percent

question 84

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Based on Table 6.2,what was the unemployment rate in 1999? Table 6.2
199819992000 Working Age Population 85 m illior 95 million 110 millior  Labor Force 60 millior 65 million 72 millior  Unernployed 5 millior 8 millior 13 millior \begin{array} { | l | c | c | c | } \hline & 1998 & 1999 & 2000 \\\hline \text { Working Age Population } & 85 \mathrm {~m} \text { illior } & 95 \text { million } & 110 \text { millior } \\\hline \text { Labor Force } & 60 \text { millior } & 65 \text { million } & 72 \text { millior } \\\hline \text { Unernployed } & 5 \text { millior } & 8 \text { millior } & 13 \text { millior } \\\hline\end{array}

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Definitions:

Normal Approximation

The process of using the normal distribution to approximate the distribution of a sample statistic.

Standardized Test Statistic

A statistic that has been transformed to have a mean of zero and a standard deviation of one, used in hypothesis testing.

P-value

A statistical measure that helps scientists and researchers determine the significance of their results, representing the probability of observing the collected data, or something more extreme, if the null hypothesis were true.

Z-test Approximation

A statistical method that uses the Z-distribution to approximate the significance of observed differences, typically used when sample sizes are large and the standard deviation is known.

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