The National U

question 19

Multiple Choice

The National U.S. Bureau of Labor Statistics (https://www.bls.gov/web/laus/laumstrk.htm) published the average unemployment rate in November 2017 for States (see table below) . Find the center of this data set and interpret it. ​ ​
Choose the most appropriate description for the center of this data.
​

• A)On average, the unemployment rate is 4.1% because the mean of the data set is 4.1.This means that the unemployment rate for each state is 4.1%.
• B)On average, the unemployment rate is 4.0% because the median of the data set is 4.0.This means that 4.0% is the typical value of unemployment rate for the states.
• C)On average, the unemployment rate is 4.1% because the mean of the data set is 4.1.This means that 4.1% is the typical value of unemployment rate for the states.
• D)On average, the unemployment rate is 4.0% because the median of the data set is 4.0.It is This means that the unemployment rate for each state is 4.0%.

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Definitions:

1933 and 1934 Securities Acts

The 1933 Act regulates the initial sale of securities to the public (initial public offerings), whereas the 1934 Act governs the secondary trading of those securities in the marketplace.

Common Law

A legal system based on precedent and court decisions rather than written laws or statutes.

Liability

A legal obligation or responsibility for any debt or damages.

Securities Exchange Act of 1934

A U.S. federal law that regulates the trading of securities, such as stocks and bonds, after the initial sale.