In the 1990s, Video Recordings Were Made Primarily on Tapes

question 88

Multiple Choice

In the 1990s, video recordings were made primarily on tapes. However, in the 2000s DVDs became increasingly popular, leading to a sharp decline in video tapes. As a result, many people who manufactured tapes lost their jobs and didn't have the skills necessary to work making DVDs. This occurrence is best consider an example of

• A) frictional unemployment.
• B) structural unemployment.
• C) cyclical unemployment.
• D) underemployment.

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Definitions:

Bootstrap Intervals

A technique in statistics to estimate the sampling distribution of an estimator by resampling with replacement from the original data, used to approximate confidence intervals.

Mean Income

The average amount of money earned by individuals or households in a specified region or demographic segment.

Resamples

In statistics, creating new samples from an observed dataset, often to perform bootstrap or permutation tests.

BCa Confidence Intervals

A type of confidence interval used in statistics that adjusts for both bias and skewness in bootstrapping, providing a more accurate interval estimate.