The U.S. Department of Labor stated that the national unemployment rate was 4.9%. Of a sample of 90 people in one city, 5.2% were unemployed. Can the city conclude that their unemployment rate is the same as the national average? (Answer on Excel)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The U.S. Department of Labor stated that the national unemployment rate was 4.9%. Of a sample of 90 people in one city, 5.2% were unemployed. Can the city conclude that their unemployment rate is the same as the national average?

(Answer on Excel)

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