Refer to the Following Table

question 81

Multiple Choice

Refer to the following table.

All of the following mathematical calculations are correct. The unemployment rate is approximately:

• A)(500/11 000)× 100 = 4.55%.
• B)(500/22 000)× 100 = 2.27%.
• C)(500/10 400)× 100 = 4.81%.
• D)(500/11 500)× 100 = 4.34%.

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Definitions:

Sample Sizes

The number of observations or data points selected from a population for analysis, which can affect the precision and reliability of statistical results.

Independent Samples

Two or more groups of data that are collected from different sources or populations and do not influence each other.

Normally Distributed Populations

Refers to groups or sets of data that follow a normal distribution, characterized by a symmetric bell-shaped curve where most observations cluster around the mean.

Population Variances

A metric that quantifies the degree to which a set of values in a population varies.