Answer:
The expected participation rate is 0.637.
The standard error is 0.04397
Step-by-step explanation:
For each working age people asked, there are only two possible outcomes. Either they are in the labor force, or they are not. This means that we can solve this problem using binomial distribution probability concepts.
Binomial probability:
Expected value for the participation rate: The expected value is the probability of a success. In this problem, a success is a working age people being in the labor force. 63.7% of them are. So
. This means that the expected participation rate is 0.637.
Standard error for the participation rate:
The standard error is given by the following formula:
.
In this problem, 120 people are asked, so 
.
So the standard error is 0.04397
Answer: -2.5
Step-by-step explanation:
The average can be found by adding up the numbers then dividing by how many numbers there are in this case there are two numbers.
-30+25=-5
-5/2 = -2.5
Answer:
Step-by-step explanation:
Median: 73.5
(40-10)/7
The maximum amount of money she wants to spend is $40
Her adult ticket costs $10
She will pay for the children’s tickets with the remaining money
Each child’s ticket costs $7
To find the number of children she can take we need to use this expression (40-10)/7
Mrs Herñàndez can take 4 children