Examlex
The employees of a company were surveyed on questions regarding their educational background (college degree or no college degree) and marital status (single or married) . Of the 600 employees, 400 had college degrees, 100 were single, and 60 were single college graduates. The probability that an employee of the company is married and has a college degree is:
Vertical Change
The alteration in the y-value or vertical position in a graph, often used in economic models to describe changes in price or quantity.
Seasonally Adjusted
A statistical technique that removes the influences of predictable seasonal patterns to show non-seasonal trends.
Unemployment Rate
The portion of people in the labor market who are without jobs and are searching for employment.
Percentage Point
A unit for measuring the difference between percentages, emphasizing the change in values over time.
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