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The Following Shows the Number of Job Losses and Gains

question 77

Short Answer

The following shows the number of job losses and gains (in thousands) between 2008 and 2009 for a sample of seven cities. The following shows the number of job losses and gains (in thousands) between 2008 and 2009 for a sample of seven cities.    a.Compute the mean. b.Determine the mode. c.Determine the median. d.Determine the standard deviation.
a.Compute the mean.
b.Determine the mode.
c.Determine the median.
d.Determine the standard deviation.


Definitions:

Not Excludable

A characteristic of certain goods where it is not feasible to prevent individuals from consuming the good, such as public parks.

Not Rival

Refers to a good's characteristic where one person's consumption does not reduce the availability of the good for consumption by others.

Common Resources

Natural or man-made resources that are not owned by anyone, are available for use by more than one person, and can be depleted.

Public Good

A product that one individual can consume without reducing its availability to another individual and from which no one is excluded.

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