Suppose the Population (Age 16 and Over) of Panama Is

question 159

Multiple Choice

Suppose the population (age 16 and over) of Panama is 50 million; 4 million are unemployed, and 36 million hold jobs. What are the rates of unemployment and labor force participation of Panama?

• A)Unemployment is 10 percent, and labor force participation is 80 percent.
• B)Unemployment is 10 percent, and labor force participation is 75 percent.
• C)Unemployment is 11 percent, and labor force participation is 80 percent.
• D)Unemployment is 11 percent, and labor force participation is 90 percent.

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Definitions:

Two-Tail

Describes tests or intervals in statistics that consider extreme values in both tails of the distribution to test hypotheses or compute confidence intervals.

P-Value

The probability of observing data at least as extreme as the data actually observed, under the assumption that the null hypothesis is true.

Null Hypothesis

A default hypothesis that there is no significant difference or effect, used as a starting point for statistical testing.

P-Value

The probability of observing test results at least as extreme as the results actually observed, under the assumption that the null hypothesis is true.