match each form of unemployment with the appropriate example. note that some examples may not have a match.
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Structural Unemployment is an unemployment experienced when there is shifts in the economy as a result of changes in technology, decline in an industry etc.
- A typical example of this type of unemployment is the unemployed paper mill worker.
Cyclical Unemployment is an unemployment experienced as a result of economic recession or expansion.
- A typical example of this type of unemployment is an unemployed banker during a recession
Frictional Unemployment is an unemployment experienced when workers voluntarily resigned to search for a better job.
- A typical example of this type of unemployment is an unemployed cashier.
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Using the normal distribution, it is found that 0.0764 = 7.64% of teenagers who will have waist sizes greater than 31 inches.
<h3>Normal Probability Distribution</h3>In a normal distribution with mean and standard deviation
, the z-score of a measure X is given by:
- It measures how many standard deviations the measure is from the mean.
- After finding the z-score, we look at the z-score table and find the p-value associated with this z-score, which is the percentile of X.
In this problem:
- The mean is of
.
- The standard deviation is of
.
The proportion of teenagers who will have waist sizes greater than 31 inches is <u>1 subtracted by the p-value of Z when X = 31</u>, hence:
has a p-value of 0.9236.
1 - 0.9236 = 0.0764.
0.0764 = 7.64% of teenagers who will have waist sizes greater than 31 inches.
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