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Because People Move into and Out of the Labor Force

question 63

True/False

Because people move into and out of the labor force so often, statistics on unemployment are difficult to interpret.


Definitions:

Confidence Interval Estimate

A range of values defined so that there is a specified probability that the value of a parameter lies within it.

Coefficient Of Determination

A statistical measure that assesses the proportion of variance in the dependent variable predictable from the independent variable(s).

Coefficient Of Correlation

A numerical measure that quantifies the strength and direction of a linear relationship between two variables.

Square Root

A value that, when multiplied by itself, gives the original number.

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