The Labor Force Participation Rate Is the Number of People

question 40

Multiple Choice

The labor force participation rate is the number of people in the labor force divided by the number of people in the country that are of working age and not institutionalized.The BLS reported in February of 2012 that the labor force participation rate in the United States was 63.7% (Calculatedrisk.com) .A marketing company asks 120 working-age people if they either have a job or are looking for a job,or,in other words,whether they are in the labor force. Refer to Exhibit 7-8.What is the expected value and the standard deviation for a labor participation rate in the company's sample?

• A)Option A
• B)Option B
• C)Option C
• D)Option D

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Definitions:

Loyalty

A strong feeling of support or allegiance to someone or something, often manifested through consistent preference or patronage.

Organizational Context

The set of circumstances or conditions, including culture and structure, that surrounds and influences the operations of an organization.

Exert Influence

The act of impacting or changing someone's behavior, actions, or perception through direct or indirect means.

Goal Achievement

The successful attainment of specific aims or objectives.