In booksite.elsevier.com/9780124171138., you will find the annual percent average of unemployment data for the United States from 1957 to 2007. Using this data perform the following analysis:
(a) Structure a histogram of the data. Does this histogram convey any useful information concerning the behavior of the data?
(b) Using the goodness-of-fit test of your choice, can you identify the pdf that characterizes the behavior of the data, that is, the pdf that the subject data were drawn from using a¼0.05?
(c) Once you have found the subject pdf of the unemployment data, calculate the expected value of the annual average percentage of unemployment rate.