Suppose the Population of Tiny Town Is 100 People and the Working

question 234

Multiple Choice

Suppose the population of Tiny Town is 100 people and the working age population is 70. If 10 of these people are unemployed, the unemployment rate in Tiny Town is

• A) 10/80 × 100.
• B) 10 percent.
• C) 10/70 × 100.
• D) There is not enough information provided to calculate the unemployment rate.

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Definitions:

Observations

Data points or recorded information obtained from experimental or study designs, representing individual examples of the variables being studied.

Median

The middle value in a list of numbers, which separates the higher half from the lower half.

First Quartile

The value below which 25% of the data falls in a data set, representing the median of the lower half of the dataset.

25th Percentile

Represents the value below which 25% of the data points in a dataset fall.