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Assume the U.S. population is 300 million. If the working age population is 240 million, 150 million are employed, and 6 million are unemployed, what is the labor force?
Standard Deviation
An analytical tool that assesses the level of diversity or deviation of data points from their central value.
Standard Deviations
A measure of the amount of variation or dispersion of a set of values, indicating how much the values in a dataset deviate from the mean.
Normal Distribution
A statistical distribution that is symmetrically shaped around its mean, depicting how probabilities are spread over different events or values.
Bell-shaped Distribution
A graphical representation of data where the peak of the curve represents the most common occurrence, tapering off symmetrically on both sides, typical of a normal distribution.
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