In a Small Town of 100 People,there Are 10 Children

question 71

Multiple Choice

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 participation rate in this town?

• A) 63.0%.
• B) 71.1%.
• C) 72.0%.
• D) 80.0%.
• E) 87.5%.

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Definitions:

Logarithmic Approach

entails using logarithms in mathematical modeling, analysis, or problem solving to simplify complex relationships or phenomena, often found in growth patterns or financial calculations.

Learning Curve

A graphical representation showing how an increase in learning comes from greater experience or the efficiency gains that follow from repetition of a task.

Learning Curves

The theory that productivity and efficiency improve with experience and repetition, often represented by a graph showing a decrease in labor time per unit as production volume increases.

Supply-Chain Negotiations

The process of reaching agreements within the supply chain about terms, prices, delivery schedules, and other pivotal factors affecting the supply and distribution of goods.