To determine a) Variation of unemployment with educational attainment in brief Explanation Given: Figure shows the Year Vs. unemployment rate among individuals age 25 and older for different levels of education. Figure shows time-series data using four different lines for four different data sets, each based on a different level of educational attainment. The data are quantitative in this case because the categories (on the horizontal axis) are years and the data values are unemployment rates, both of which are measured quantitatively. Thus figure shows another added value of education: No matter what the unemployment rate (at least over the time period shown 1992 − 2012 ), unemployment has always been significantly lower for more highly educated people. In the year 1992 , unemployment rate for a high school drop-out candidate was around 12 % , for a high school completed graduate it was around 7.5 % , for some college or Associate Degree obtaining graduate it was around 6 % and for Bachelor’s degree it was around 3... To determine b) The likeliness of a high school dropout to be unemployed than a worker with a bachelor’s degree

Using and Understanding Mathematics: A Quantitative Reasoning Approach plus NEW MyMathLab with Pearson eText -- Access Card Package (6th Edition) (Bennett Science & Math Titles)

6th Edition

ISBN: 9780321923219

Author: Jeffrey O. Bennett, William L. Briggs

Publisher: PEARSON

See similar textbooks

Concept explainers

Inverse Normal Distribution

The method used for finding the corresponding z-critical value in a normal distribution using the known probability is said to be an inverse normal distribution. The inverse normal distribution is a continuous probability distribution with a family of tw…

Mean, Median, Mode

It is a descriptive summary of a data set. It can be defined by using some of the measures. The central tendencies do not provide information regarding individual data from the dataset. However, they give a summary of the data set. The central tendency o…

Z-Scores

A z-score is a unit of measurement used in statistics to describe the position of a raw score in terms of its distance from the mean, measured with reference to standard deviation from the mean. Z-scores are useful in statistics because they allow compar…

Videos

Question

Chapter 5.D, Problem 15E

To determine

a)

Variation of unemployment with educational attainment in brief

To determine

b)

The likeliness of a high school dropout to be unemployed than a worker with a bachelor’s degree

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Chapter 5.D, Problem 14E

Chapter 5.D, Problem 16E

Students have asked these similar questions

i need help please

A convex polygon is said to be regular if all of its sides have the same length and all angles between sides are the same. Let Pr denote the regular convex n-sided polygon. Thus, P3 is the equilateral triangle, P₁ is the square, P is the pentagon etc. Compute a formula for the size of any internal angle of Pn.

+ Recall that a map, f: R2 R², is an isometry if |P-Q| = |ƒ(P) — ƒ (Q) for all pairs of points P and Q in R². Thus, f is a distance preserving map. Show that an isometry, f: R² → R² also preserves angles. In other words if two line segments meeting at a point determine an angle a, their image line segments meeting at the image of that point also determine the angle a.

Chapter 5 Solutions

Using and Understanding Mathematics: A Quantitative Reasoning Approach plus NEW MyMathLab with Pearson eText -- Access Card Package (6th Edition) (Bennett Science & Math Titles)

Ch. 5.A - You conduct a poll in which you randomly select...Ch. 5.A - Results of the poll described in question 1 would...Ch. 5.A - When we say that a sample is representative of the...Ch. 5.A - Consider an experiment designed to test whether...Ch. 5.A - The experiment described in question 4 is a....Ch. 5.A - The purpose of a placebo is a. to prevent...Ch. 5.A - Prob. 7QQ Ch. 5.A - An experiment is single-blind if a. it lacks a...Ch. 5.A - Poll X predicts that Powell will receive 49% of...Ch. 5.A - A survey reveals that 12% of Americans believe...

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, subject and related others by exploring similar questions and additional content below.