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The Large Cohort of Workers Born Between 1946 and 1964

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The large cohort of workers born between 1946 and 1964 are known as the baby-bust generation.


Definitions:

Population Means

The average of a characteristic or measurement of interest for the entire population being studied.

Randomized Block Design

A statistical experimental design that groups similar experimental units into blocks to account for variability and then randomly applies treatments within each block.

Wage Rate

The amount of compensation a worker receives per unit of time or per task completed.

Factor

An element or variable that contributes to a result or outcome.

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