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Each Month the Bureau of Labor Statistics Reports the Number

question 44

Essay

Each month the Bureau of Labor Statistics reports the number of people (in thousands)employed in the United States by age.The accompanying frequency distribution shows the results for August 2011. Each month the Bureau of Labor Statistics reports the number of people (in thousands)employed in the United States by age.The accompanying frequency distribution shows the results for August 2011.   a.Construct a relative frequency distribution.What proportion of workers is between 20 and 24 years old? b.Construct a cumulative relative frequency distribution.What proportion of workers is younger than 35 years old? c.Construct a relative frequency histogram. a.Construct a relative frequency distribution.What proportion of workers is between 20 and 24 years old?
b.Construct a cumulative relative frequency distribution.What proportion of workers is younger than 35 years old?
c.Construct a relative frequency histogram.


Definitions:

Equal Investment

A strategy where an investor allocates the same amount of money into each investment within a portfolio.

Portfolio

A collection of financial investments like stocks, bonds, commodities, cash, and cash equivalents, including closed-end funds and exchange traded funds (ETFs).

Standard Deviation

A measure of the dispersion or spread of a set of values, indicating how much the values differ from the average of the set.

Coefficient Of Correlation

A statistical measure that indicates the extent to which two variables fluctuate together. A value closer to 1 or -1 indicates a stronger relationship.

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