A College Student Who Is Enrolled in School Full-Time and Not

question 47

Multiple Choice

A college student who is enrolled in school full-time and not seeking employment is considered:

• A)out of the labor force.
• B)unemployable, and not counted in official statistics.
• C)employed in leisure.
• D)underemployed.
• E)in the labor force.

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Definitions:

Dummy Variables

Variables created to include categorical data in regression models, converting categories to a numerical form.

Confidence Intervals

Ranges within which a population parameter is estimated to lie with a certain level of confidence, often used to indicate the reliability of an estimate.

Regression Coefficients

Parameters in a regression model that quantify the relationship between the dependent variable and each of the independent variables.

Sampling Error

The discrepancy between the statistical characteristics of a sample and those of the entire population, arising purely from the randomness of the sample selection.