Consider the Following to Answer the Question(s) Below

question 29

Essay

Consider the following to answer the question(s) below:
EU (European Union) countries report that 46% of their labour force is female. The United Nations wants to determine if the percentage of females in the Canadian labour force is the same. Representatives from Statistics Canada plan to check a random sample of over 10,000 employment records on file to estimate the percentage of females in the Canadian labour force.
-Statistics Canada wants to estimate the percentage of females in the Canadian labour force to within 5%, with 90% confidence. How many employment records should be sampled?

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Definitions:

Income Inequality

The unequal distribution of income among members of a society.

Gini Ratio

An assessment of the variation in income levels within a population, where 0 reflects equality in earnings and 1 reflects the highest possible inequality.

Income Inequality

The uneven distribution of income across various participants in an economy.

Income Inequality

The uneven distribution of income within a population, leading to a gap between the wealthiest and the poorest individuals.