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kiruha [24]
3 years ago
13

Suppose that the # of Employed = 160 million, # of Unemployed = 10 million, and the Adult Civilian Population = 250 million. In

this case the labor force participation rate equals ______(# in %) and the Employment to Adult Civilian Population ratio equals _______ (# in %).
Business
1 answer:
PIT_PIT [208]3 years ago
8 0

Answer:

labor force participation rate = 68%

employment to adult civilian population ratio = 64%

Explanation:

total number of employed people = 160 million

total number of unemployed people = 10 million

total adult population = 250 million

total labor force = 170 million

labor force participation rate = total labor force / total adult population = 170 million / 250 million = 68%

employment to adult civilian population ratio = total number of employed people / total adult population = 160 million / 250 million = 64%

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Answer:

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Explanation:

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Solution to the problem

For this case we have the following data given:

\bar X= 49.41 represent the sample mean

s= 11.45 represent the sample deviation

n = 68 represent the sample size

Since the sample size is large enough n>30 we have enough evidence to conclude that the normal approximation for the sample mean makes sense. And the distribution for the sample mean would be given by:

\bar X \sim N(\mu, \frac{\sigma}{\sqrt{n}})

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