Question
An economist who works for the Department of Labor knows that last month the unemployment rate was 12.2 percent. This month he finds, in a
An economist who works for the Department of Labor knows that last month the unemployment rate was 12.2 percent. This month he finds, in a random sample of 5,000 workers, 600 unemployed. At the 0.05 level of significance, he wants to test whether the unemployment rate has decreased this month. What is the value of the critical OR ratio to use in this test?
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Intermediate Algebra With Trigonometry
Authors: Charles P McKeague
1st Edition
1483218759, 9781483218755
