-Based on the information in the above table,what is the labor force participation rate?
Definitions:
Group Mean
The average of a set of numerical values representing a particular characteristic of a group of individuals or items.
Confidence Interval
A range of values that estimates the true value of a parameter within a certain level of confidence.
Population Variance
The variance calculated from the entire population of a dataset, representing the true measure of its variability.
Chi-Squared Distribution
A probability distribution used in statistical hypothesis tests that is built by squaring independent standard normal random variables.
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