The Labor Force Is Equal to The

question 339

Multiple Choice

The labor force is equal to the:

• A)sum of employment and unemployment.
• B)population minus the number of employed.
• C)sum of the employed and the underemployed.
• D)number of people working.

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Definitions:

Sample Size

The number of observations or data points that make up a sample.

Level of Significance

The probability of rejecting the null hypothesis in a statistical test when it is actually true; a measure of how unlikely results are due to chance.

Degrees of Freedom

The amount of free variables or measures that may change within an analysis while still adhering to all limitations.

T-statistic

A type of statistic used to estimate the significance of a difference between two sample means, given in terms of standard error.