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A hypothesis test for a population mean is to be performed. The hypotheses are
Which of the sketches below could represent the power curve for the test?
Labor Force
All the non-institutionalized, civilian working-age population that is employed or actively seeking employment.
Unemployment Rate
The component of the labor force that is unoccupied by work but is in pursuit of employment opportunities.
U-4 Unemployment Rate
A measurement of the labor force that includes the total unemployed, plus discouraged workers who have stopped looking for employment.
Labor Force Participation Rate
The percentage of the population ages 16 and over that is working or actively seeking work.
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