The Majority of American Workers Are Employed in the Manufacturing

question 52

True/False

The majority of American workers are employed in the manufacturing sector.

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Definitions:

True Proportion

The actual percentage of a population that exhibits a particular characteristic.

Unbiased

A characteristic of an estimator that means the expected value of the estimator equals the true parameter value of the population.

Sampling Distribution

The probability distribution of a given random-sample-based statistic that provides insight into the shape, bias, and variability of the statistic.

Confidence Interval

A spectrum of numerical figures, originating from sample-derived statistics, expected to capture the value of an unascertained population parameter.