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Data Set 1C
Suppose that the following table represents the age of the houses in a certain neighborhood:
-Given Data Set 1C, what is the mean age of the houses?
People Employed
Refers to the number of individuals in a specific area, sector, or economy who are currently working in paid positions.
Adult Population
The segment of the population that comprises individuals who are considered adults, typically measured by age, and which can participate in activities such as voting and working.
Labor-force Participation Rate
The percentage of the working-age population that is either employed or actively looking for employment.
Population Participation
Often referred to as the labor force participation rate, it measures the proportion of the working-age population that is employed or actively looking for employment.
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