Consider the Following Data Set: 2

question 94

Multiple Choice

Consider the following data set: 2.2,2.3,2.3,2.5,2.6,2.7,2.8,2.8,2.8,2.9,3.1,3.2,and 3.5.The rank assigned to the three observations of value 2.8 is:

• A)6
• B)7
• C)8
• D)9

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Definitions:

Unemployed Workers

Unemployed workers are individuals actively seeking employment but are unable to find work, forming part of the labor force.

Unemployment Insurance

A program run by the government that offers monetary support to people who are unemployed due to reasons beyond their control.

Labor Force

The total number of people aged 16 and over who are either employed or actively seeking employment.

Civilian Non-Institutional Population

Individuals 16 years of age and older residing in the country who are not in the military or institutions such as prisons and mental hospitals, representing potential participants in the labor force.