A panel of 65 economists was asked to predict the average unemployment rate for the upcoming year. The results of the survey follow. Unemployment Rate, % 10.9 11.2 11.5 11.8 12.1 12.4 12.7 Economists 3 5 19 14 11 On the basis of this survey, what does the panel expect the average unemployment rate to be next year? (Round your answer to two decimal places.) %

A First Course in Probability (10th Edition)
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Chapter1: Combinatorial Analysis
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A panel of 65 economists was asked to predict the average unemployment rate for the upcoming year. The results of the survey follow.
Unemployment Rate, %
10.9
11.2
11.5
11.8
12.1
12.4
12.7
Economists
3
5
8
19
14
11
On the basis of this survey, what does the panel expect the average unemployment rate to be next year? (Round your answer to two decimal places.)
%
Transcribed Image Text:A panel of 65 economists was asked to predict the average unemployment rate for the upcoming year. The results of the survey follow. Unemployment Rate, % 10.9 11.2 11.5 11.8 12.1 12.4 12.7 Economists 3 5 8 19 14 11 On the basis of this survey, what does the panel expect the average unemployment rate to be next year? (Round your answer to two decimal places.) %
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