The Unemployment Rate Is the Number of People Without a Job

question 14

Multiple Choice

The unemployment rate is the number of people without a job:

• A)divided by the population.
• B)and looking divided by the population.
• C)divided by the labor force.
• D)and looking for work divided by the labor force.

---

Definitions:

Random Variation

The natural fluctuation in data or process outcomes, occurring without a specific, predictable cause.

Sample Proportion

The ratio of the number of times an event occurs to the total number of observations or trials in the sample.

Standard Error

Standard error measures the accuracy with which a sample distribution represents a population by quantifying the variability of the sample mean.

Population Proportion

The fraction or percentage of a population possessing a particular characteristic.