THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 39

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A furniture mover calculates the actual weight as a proportion of estimated weight for a sample of 31 recent jobs.The sample mean is 1.13 and the sample standard deviation is 0.16.
-Calculate a 95% confidence interval for the population mean using t tables.

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Definitions:

Discouraged Workers

Individuals who are not actively seeking employment due to a belief that no jobs are available for them or there are no suitable jobs.

Labor-Force Participation Rates

The percentage of the working-age population that is actively engaged in the labor market, either employed or actively seeking employment.

U-1 Measure

A specific metric used to evaluate the unemployment rate, focusing on people who have been unemployed for 15 weeks or longer.

U-6 Measure

An unemployment rate that includes not only those who are unemployed and seeking employment but also those who are underemployed and the marginally attached to the labor force.