U.S. Bureau of Labor Statistics current population survey of unemployment rate and median weekly earnings to highest degree earned. Note: Data are for persons age 25 and over.Highest Degree EarnedUnemployment Rate (%)Median Weekly Earnings ($)Doctoral Degree 1.51,743Professional Degree1.5 1,836Master's Degree2.2 1,401Bachelor's Degree2.51,173Associate's Degree3.4836Some College, No Degree4.0 774High School Diploma 4.6712Less than a High School Diploma 6.5 520Overall3.6907What was the overall national: a) percentage of unemployment? b) median weekly earnings?

Data table: Highest Degree Earned Unemployment Rate (%) Median Weekly Earnings ($) Doctoral…

Answered: U.S. Bureau of Labor Statistics current…

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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U.S. Bureau of Labor Statistics current population survey of unemployment rate and median weekly earnings to highest degree earned. Note: Data are for persons age 25 and over.

Highest Degree Earned	Unemployment Rate (%)	Median Weekly Earnings ($)
Doctoral Degree	1.5	1,743
Professional Degree	1.5	1,836
Master's Degree	2.2	1,401
Bachelor's Degree	2.5	1,173
Associate's Degree	3.4	836
Some College, No Degree	4.0	774
High School Diploma	4.6	712
Less than a High School Diploma	6.5	520
Overall	3.6	907

What was the overall national:
a) percentage of unemployment?
b) median weekly earnings?

Definition Definition Middle value of a data set. The median divides a data set into two halves, and it also called the 50th percentile. The median is much less affected by outliers and skewed data than the mean. If the number of elements in a dataset is odd, then the middlemost element of the data arranged in ascending or descending order is the median. If the number of elements in the dataset is even, the average of the two central elements of the arranged data is the median of the set. For example, if a dataset has five items—12, 13, 21, 27, 31—the median is the third item in ascending order, or 21. If a dataset has six items—12, 13, 21, 27, 31, 33—the median is the average of the third (21) and fourth (27) items. It is calculated as follows: (21 + 27) / 2 = 24.

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