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A panel of 68 economists was asked to predict the average unemployment rate for the upcoming year. The results of the survey follow. Unemployment Rate,
A panel of 68 economists was asked to predict the average unemployment rate for the upcoming year. The results of the survey follow. Unemployment Rate, % 11.3 11.7 12.1 12.5 12.9 13.3 13.7 Economists 3 5 7 23 15 12 3 On the basis of this survey, what does the panel expect the average unemployment rate to be next year? (Round your answer to two decimal places.) %
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