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Exercises 77 and 78 refer to the following setting. In the language of government statistics, you are "in the labor force" if you are available for work and either working or actively seeking work. The unemployment rate is the proportion of the labor force (not of the entire population) that is unemployed. Here are estimates from the Current Population Survey for the civilian population aged 25 years and over in a recent year. The table entries are counts in thousands of people. Highest education Didn't finish high school High school but no college Less than bachelor's degree College graduate Total population 27,669 59,860 47,556 51,582 In labor force 12,470 37,834 34,439 40,390 Employed 11,408 35,857 32,977 39,293 77. Unemployment (1.1) Find the unemployment rate for people with each level of education. Is there an association between unemployment rate and education? Explain your answer.

Exercises 77 and 78 refer to the following setting. In the language of government statistics, you are "in the labor force" if you are available for work and either working or actively seeking work. The unemployment rate is the proportion of the labor force (not of the entire population) that is unemployed. Here are estimates from the Current Population Survey for the civilian population aged 25 years and over in a recent year. The table entries are counts in thousands of people. Highest education Didn't finish high school High school but no college Less than bachelor's degree College graduate Total population 27,669 59,860 47,556 51,582 In labor force 12,470 37,834 34,439 40,390 Employed 11,408 35,857 32,977 39,293 77. Unemployment (1.1) Find the unemployment rate for people with each level of education. Is there an association between unemployment rate and education? Explain your answer.

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Recycle and Review Exercises 77 and 78 refer to the following setting. In the language of government statistics, you are "in the labor force" if you are available for work and either working or actively seeking work. The unemployment rate is the proportion of the labor force (not of the entire population) that is unemployed. Here are estimates from the Current Population Survey for the civilian population aged 25 years and over in a recent year. The table entries are counts in thousands of people. Highest education Didn't finish high school High school but no college Less than bachelor's degree College graduate Total population 27,669 59,860 47,556 51,582 older. In labor force 12,470 37,834 34,439 40,390 Employed 11,408 35,857 32,977 39,293 77. Unemployment (1.1) Find the unemployment rate for people with each level of education. Is there an association between unemployment rate and education? Explain your answer. 78. Unemployment (5.2, 5.3) Suppose that you randomly select one person 25 years of age or a. What is the probability that a randomly chosen person 25 years of age or older is in the labor force? b. If you know that a randomly chosen person 25 years of age or older is a college graduate, what is the probability that he or she is in the labor force? c. Are the events "in the labor force" and "college graduate" independent? Justify your answer.
Transcribed Image Text:Recycle and Review Exercises 77 and 78 refer to the following setting. In the language of government statistics, you are "in the labor force" if you are available for work and either working or actively seeking work. The unemployment rate is the proportion of the labor force (not of the entire population) that is unemployed. Here are estimates from the Current Population Survey for the civilian population aged 25 years and over in a recent year. The table entries are counts in thousands of people. Highest education Didn't finish high school High school but no college Less than bachelor's degree College graduate Total population 27,669 59,860 47,556 51,582 older. In labor force 12,470 37,834 34,439 40,390 Employed 11,408 35,857 32,977 39,293 77. Unemployment (1.1) Find the unemployment rate for people with each level of education. Is there an association between unemployment rate and education? Explain your answer. 78. Unemployment (5.2, 5.3) Suppose that you randomly select one person 25 years of age or a. What is the probability that a randomly chosen person 25 years of age or older is in the labor force? b. If you know that a randomly chosen person 25 years of age or older is a college graduate, what is the probability that he or she is in the labor force? c. Are the events "in the labor force" and "college graduate" independent? Justify your answer.
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