Suppose That Over the Course of a Year 100 People

question 42

Multiple Choice

Suppose that over the course of a year 100 people are unemployed for 4 weeks each (the short-term unemployed) , while 10 people are unemployed for 52 weeks each (the long-term unemployed) . Approximately what percentage of the total weeks of unemployment were attributable to the long-term unemployed?

• A)9 percent.
• B)10 percent.
• C)43.5 percent.
• D)56.5 percent.

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Definitions:

Sample Size

The number of observations or data points collected in a study or experiment, which can affect the validity and reliability of statistical analysis.

Level Of Confidence

The level of confidence quantifies the degree of certainty or assurance in the results of a statistical analysis, often expressed as a percentage.

Z-Value

A statistical measure that represents the number of standard deviations a data point is from the mean.

Claims Processor

A professional responsible for evaluating and processing insurance claims, ensuring they meet policy requirements.