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Assume that you have a random sample of 100 countries and you are interested in unemployment rates but you do not know the population parameters.
- Assume that you have a random sample of 100 countries and you are interested in unemployment rates but you do not know the population parameters. Your sample mean is 6.7 and you sample standard deviation is 1.9. Complete the following (5 points):
- What is your single best guess average employment rate of all the countries in the world?
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