In 2009, Based on Concepts Similar to Those Used to Estimate

question 467

Multiple Choice

In 2009, based on concepts similar to those used to estimate U.S. employment figures, the Swedish adult non- institutionalized population was 7.568 million, the labor force was 4.888 million, and the number of people employed was 4.486 million. According to these numbers, the Swedish labor-force participation rate and unemployment rate were about

• A) 64.6% and 8.2%.
• B) 64.6% and 5.3%.
• C) 59.3% and 8.2%.
• D) 59.3% and 5.3%.

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Definitions:

Predicted Values

The expected values calculated from a regression or other predictive models based on specific input variables.

API Gravity

A measure used to quantify the density of petroleum liquids relative to water, as defined by the American Petroleum Institute.

Price Per Barrel

The cost of a barrel of goods, commonly used in reference to crude oil prices in the commodities market.

Outlier

An observation in a dataset that is distant from other observations such that it appears to deviate markedly from other members of the sample.