Suppose That a Country's Population Is 30 Million and It

question 53

Multiple Choice

Suppose that a country's population is 30 million and it has a labour force of 15 million people.If 14.5 million people are employed,the country's unemployment rate is

• A)2.5%.
• B)3.3%.
• C)4.5%.
• D)6.7%.
• E)9.0%.

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Definitions:

Deviations

Differences between values in a data set and a central point, typically the mean of the set.

Interquartile Range

A measure of statistical dispersion, which is the spread between the first and third quartiles of a dataset, effectively capturing the middle 50%.

Variance

A measure of the dispersion of a set of values, calculated as the average of the squared deviations from the mean.

Computational Formula

Formula that is an algebraic manipulation of a definitional formula designed to minimize the complexity of mathematical calculations.