What Is the Dependency Ratio

question 2

Multiple Choice

What is the dependency ratio?

• A) Ratio between grandparents and dependents
• B) Ratio between those not in the labor force and those in the labor force
• C) Ratio between people paying taxes and dependents on welfare
• D) Ratio of younger adults and older adults

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Definitions:

Interquartile Range

A measure of statistical dispersion, which is the spread between the first and third quartiles of a dataset, effectively capturing the middle 50%.

Variance

A measure of the dispersion of a set of values, calculated as the average of the squared deviations from the mean.

Computational Formula

Formula that is an algebraic manipulation of a definitional formula designed to minimize the complexity of mathematical calculations.

Variance

The average of the squared differences from the Mean, a statistical measurement of the spread between numbers in a data set.