On Average, About Half the Labor Force in Developing Countries

question 35

True/False

On average, about half the labor force in developing countries works in agriculture, versus only about 3 percent in industrial market countries.

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Definitions:

Sampling Error

The difference between a sample statistic used to estimate a population parameter and the actual but unknown value of the parameter.

Statistics

Statistics is the branch of mathematics dealing with the collection, analysis, interpretation, and presentation of masses of numerical data.

Sample Size

Sample size refers to the number of observations or individuals included in a statistical sample.

Null Hypothesis

A hypothesis that assumes no significant difference or relationship exists between certain variables; it's the default assumption to be tested against.