The Bureau of Labor Statistics Produces Data on Unemployment

question 86

Multiple Choice

The Bureau of Labor Statistics produces data on unemployment

• A)weekly.
• B)monthly.
• C)quarterly.
• D)yearly.

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Definitions:

Point Estimate

A single value that serves as the best guess or best estimate of a population parameter based on sample data.

Point Estimate

A single value given as the best guess or estimate representing a population parameter, based on sample data.

Proportion

A part, share, or number considered in comparative relation to a whole; a statistical measure often used to describe a characteristic of a sample.

Variability

The extent to which data points in a statistical distribution or dataset differ from the average or mean value.