Each Month the Bureau of Labor Statistics Reports the Number

question 111

Essay

Each month the Bureau of Labor Statistics reports the number of people (in thousands) employed in the United States by age. The accompanying frequency distribution shows the results for August. a. Construct a relative frequency distribution. What proportion of workers is between 20 and 24 years old?
B) Construct a cumulative relative frequency distribution. What proportion of workers is younger than 35 years old?
C) Construct a relative frequency histogram.

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Definitions:

Net Periodic Pension Cost

The net periodic pension cost is the total expense recognized in a period related to an employer's pension plan, including service costs, interest costs, expected returns on plan assets, and any amortizations.

Employer's Contribution

A payment made by an employer into a fund, pension plan, or insurance for the benefit of the employee.

Pension Expense

The annual cost recognized by an employer for its pension plan, which includes service costs, interest costs, expected returns on plan assets, and gains or losses.

Mortality Rate

Mortality rate, often expressed per thousand or per hundred thousand, refers to the frequency of deaths in a given population during a specific period of time.