After Graduating from University, Yunis, Age 22, Started Working for His

question 24

Multiple Choice

After graduating from university, Yunis, age 22, started working for his parents' real estate business as an unpaid assistant. He works 25 hours a week helping manage rental units. In the Labour Force Survey, Yunis is considered

• A) part of the labour force and employed.
• B) not part of the labour force.
• C) a discouraged worker.
• D) part of the labour force and unemployed.
• E) part of the labour force but not part of the working-age population.

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Definitions:

Mean Squared Error

A measure of the average squared difference between the estimated values and what is estimated, often used in statistics and machine learning to assess the accuracy of models.

Coefficient of Correlation

A statistical measure that indicates the extent to which two variables fluctuate together. A higher coefficient suggests a stronger relationship.

Overall Error

Overall Error encompasses the total inaccuracies or deviations from a standard or expected outcome, combining both systematic and random errors.

Negative Regression Slope

A negative regression slope indicates an inverse relationship between two variables in statistical modeling, where an increase in one variable results in a decrease in another.