Answer: labor force participation rate =60%
unemployment rate = 6.67%
Step-by-step explanation:
The labor force participation rate is computed as
i.e.
The unemployment rate is computed as:
Hence, labor force participation rate =60%
unemployment rate = 6.67%
Answer:
And we can find this probability with this difference and using the normal standard table:
Then the answer would be approximately 55.3% of women between the specifications. And that represent more than the half of women
Step-by-step explanation:
Let X the random variable that represent the weights of a population, and for this case we know the distribution for X is given by:
Where and
We are interested on this probability
And the best way to solve this problem is using the normal standard distribution and the z score given by:
If we apply this formula to our probability we got this:
And we can find this probability with this difference and using the normal standard table:
Then the answer would be approximately 55.3% of women between the specifications. And that represent more than the half of women