The Use of Automated Teller Machines (ATMs) Has Caused Some

question 199

Multiple Choice

The use of automated teller machines (ATMs) has caused some bank tellers to lose their jobs.This is an example of

• A)cyclical unemployment.
• B)seasonal unemployment.
• C)frictional unemployment.
• D)structural unemployment.

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Definitions:

Population Parameter

A Population Parameter is a value that represents a characteristic of an entire population, such as its mean or standard deviation.

Sample Statistic

A numerical measure calculated from a set of data extracted from a larger population, used to estimate population parameters.

Population Parameter

A numerical value that represents a characteristic of a population, such as the population mean or variance.

Expected Value

The mean of all possible values for a random variable, weighted by their respective probabilities.