First, we must determine the accuracy of the unemployment rate within the city or state by looking at numbers that compare the people employed against unemployed people. From the data provided in percentage form, the unemployment rate dropped from 10.5% to 10.4%. if we take for example a town with a population of 2000 residents, that will represent a drop from 250mpersons to 249 which would not be significant (List, Shaikh & Xu, 2019). However, if we take a population say from a state with a population of 2 million people and use the unemployment rate to drop from 10.5% to 10.4%, we will have many people affected.

10.5% of 2million = 210,000

10.4% of 2million = 208,000

The difference indicates that 2000 are unemployed, meaning the unemployment rate that dropped from 10.5% to 10.4% represents a significant figure (Meyer, Van Witteloostuijn & Beugelsdijk, 2017). discuss whether you agree or disagree with their assessments, justify your response, and state which other specific hypothesis tests could be used to test the significance of the drop (three different types of tests could be used to address this question). Explain some ethical considerations when dealing with hypothesis testing. Use reference source(s) to support your response.