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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:

Education

The systematic process of facilitating learning, acquiring knowledge, skills, values, and beliefs through various means such as schooling, training, or research.

Saving Rate

The proportion of disposable income that an individual or group saves rather than spending on consumption.

Growth Rate Of Productivity

The measure of how the average productivity of individuals or product outputs increase over time.

Human Capital

The competencies, information, and background an individual or collective carries, regarded in terms of their economic value or cost to an organization or country.

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