Over the Period Between 1960 and 2010,the Increase in Unemployment

question 48

Multiple Choice

Over the period between 1960 and 2010,the increase in unemployment rate was the greatest in

• A)early 1960s.
• B)late 2000s.
• C)mid 1970s.
• D)early 1980s.
• E)early 1990s.

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Definitions:

Good Estimates

Approximations or judgments that are considered to be close to the actual value or outcome, often based on some form of logical reasoning or previous data.

Statistically Significant

A determination that the results observed in data are unlikely to be due to chance alone, according to a predefined threshold of probability.

Sample Averages

This refers to the mean value calculated from a sample of data, representing the central tendency of the sampled population.

Standard Deviations

A statistical measure that quantifies the variation or dispersion of a set of numerical data points around the mean of the data set.