Suppose the Bureau of Labor Statistics Interviews 194,000 People in Its

question 26

Multiple Choice

Suppose the Bureau of Labor Statistics interviews 194,000 people in its monthly survey: 91,300 are not in the labor force,94,000 are employed,6650 are unemployed,and 1,150 are in the armed forces.What is the unemployment rate the BLS announces?

• A)4.95 percent
• B)3.94 percent
• C)7.0 percent
• D)6.55 percent
• E)6.48 percent

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Definitions:

Variables

Elements, features, or factors that can be changed and measured in an experiment to determine their effects.

Main Effect

In analysis of variance, when a factor or an independent variable has a significant effect upon the outcome variable.

ANOVA

Short for Analysis of Variance, a set of statistical techniques used to compare the means of three or more samples.

Factor

An element that contributes to a particular result or situation, often used as a variable in experiments and statistical analysis.