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? 
Definitions:
New Kingdom
An era in ancient Egyptian history that spanned from approximately 1550 to 1070 BC, marked by the country's greatest territorial extent and some of its most famous pharaohs, such as Tutankhamun and Ramesses II.
Middle Kingdom
Refers to a period in Ancient Egyptian history, spanning from approximately 2050 to 1710 BCE, noted for political stability, reunification, and cultural flourishing.
Burial Practices
The customs and rituals associated with interring the deceased, which can vary greatly among different cultures and religions.
Beni Hasan
An ancient Egyptian cemetery site comprising numerous tombs, dating back to the Middle Kingdom period.
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