The Variable "Employment Status" Which Can Take on One of Two

question 2

Short Answer

The variable "employment status" which can take on one of two values: 1 for "employed" and 0 for "unemployed" is and example of a(n)_____________ random variable.

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Definitions:

Mean

A measure of central tendency which is calculated by adding up all the values in a data set and then dividing by the number of values.

Population Standard Error

The standard deviation of the distribution of a sample mean over multiple samples from the same population.

Mean

The mean is the average of a set of numbers, calculated by dividing the sum of all the values by the number of values.

Population Standard Error

An indicator of the variability or distribution of average values from a sample in relation to the overall population mean.