An Example of a Frictionally Unemployed Individual Is

question 242

Multiple Choice

An example of a frictionally unemployed individual is

• A) Charles, who has lost his job as an auto worker because of increased imports.
• B) Mary, who quit her job to find work closer to her home.
• C) Sam, who lost his job as a real estate salesperson when the housing market went soft.
• D) Cynthia, who has few skills and is no longer looking for work.

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Definitions:

Chi-squared Test

A statistical test used to determine if there is a significant difference between the expected frequencies and the observed frequencies in one or more categories.

Contingency Table

A type of table used in statistical analysis to summarize the relationship between several categorical variables.

Nominal Data

Refers to data classified into categories that cannot be ordered in any meaningful way, such as types of fruit or colors.

Chi-squared Test

A numerical method employed to ascertain whether a notable discrepancy exists between the anticipated frequencies and the actual frequencies across one or several categories.