Table 28-5 2010 Labor Data for Wrexington

question 495

True/False

Table 28-5
2010 Labor Data for Wrexington

-Refer to Table 28-5.The labor-force participation rate of Wrexington in 2010 is about 33.3 percent.

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Definitions:

Inferential Statistics

Involves making predictions or inferences about a population based on a sample of data.

Probability

A measure of the likelihood that a particular event will occur, usually expressed as a number between 0 and 1.

Normal Distribution

A symmetrical, bell-shaped distribution of data in which most of the observations cluster around the central peak and the probabilities for values further away from the mean taper off equally in both directions.

Asymptotic

Referring to a line or curve that approaches a given curve arbitrarily closely, as one or both of the variables go to infinity.