In Order to Obtain the Data Used to Calculate the Unemployment

question 141

Multiple Choice

In order to obtain the data used to calculate the unemployment rate,the Bureau of Labor Statistics

• A)adds the number of people collecting unemployment insurance from each state.
• B)adds the state unemployment claims reports.
• C)uses a survey from 60,000 households.
• D)adds together all the reports of layoffs from businesses.
• E)uses a survey from 160,000 firms.

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Definitions:

Mean Income

The average income calculated by dividing the total income of a group by the number of individuals or households in that group.

Statistic

A numerical measure that describes some characteristic of a sample, such as its mean or variance, used for making inferences about a population.

Interquartile Range

A measure of statistical variability, representing the difference between the 75th (upper quartile) and 25th (lower quartile) percentiles.

Variance

A gauge for the extent of dispersion in a collection of data, derived by the average of squared differences relative to the mean.