The Table Accompanying Lists the Joint Distribution of Unemployment in the United

question 56

Essay

The table accompanying lists the joint distribution of unemployment in the United States in 2001 by demographic characteristics (race and gender).
Joint Distribution of Unemployment by Demographic Characteristics,
United States,2001
(a)What is the percentage of unemployed white teenagers?
(b)Calculate the conditional distribution for the categories "white" and "black and other."
(c)Given your answer in the previous question,how do you reconcile this fact with the probability to be 60% of finding an unemployed adult white person,and only 22% for the category "black and other."

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Definitions:

Inventory Purchases

The total cost associated with buying goods and materials kept in stock for the purpose of resale or production in a given period.

Administrative Expenses

Costs related to the general operation of a company, such as salaries of executive personnel, legal fees, and insurance.

Minimum Cash Balance

The least amount of cash that a company aims to hold in its accounts to meet immediate operational needs.

Manufacturing Overhead

All indirect costs associated with the manufacturing process, excluding direct material and direct labor costs.