The Labor Force Participation Rate Is the Number of People

question 65

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.For the company's sample,the probability that the proportion of people who are in the labor force is greater than 0.65 is ___________.

• A)0.1179
• B)0.3000
• C)0.3821
• D)0.6179

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Definitions:

Superego

The component of the personality in Freudian psychology that is responsible for moral standards and ideals.

Self-Defeating Behavior

Actions or attitudes that undermine one's own success, often resulting from low self-esteem or self-worth.

Behavior Therapy

A form of psychotherapy focused on changing negative behaviors through conditioning and reinforcement techniques.

Principles Of Learning

Fundamental guidelines or rules that explain how individuals acquire skills, knowledge, habits, attitudes, or behaviors through study, experience, or teaching.