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In a small town of 100 people,there are 10 children under 15,10 retired people,60 people with full-time jobs,3 people with part-time jobs,3 full-time students aged 15 and over,and 4 full-time homemakers.The remaining people do not have jobs,but want them.All but one of these has actively looked for a job in the last four weeks.What is the unemployment rate in this town?
P < 0.05
Indicates that the probability of the observed data, or something more extreme, assuming the null hypothesis is true, is less than 5%.
Variance
A measure of the dispersion of data points around the mean, indicating how much the numbers in a set differ from the average.
Obtained Value
Refers to the specific outcome or result found in a statistical analysis or experiment.
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