The following are the January 2005 unemployment rates and civilian labor force sizes for five states in

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The following are the January 2005 unemployment rates and civilian labor force sizes for five states in the Midwest.

a. Using a weighted mean, compute an average unemployment rate for the five state region.
b. Calculate the unweighted mean for the five unemployment rates. Explain why the weighted and unweighted means differ.

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Business Statistics In Practice

ISBN: 9780073401836

6th Edition

Authors: Bruce Bowerman, Richard O'Connell

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Question Posted: Mar 14, 2016 05:09 AM

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The following are the January 2005 unemployment rates and civilian labor force sizes for five states in

Question:

State lowa Michigan Illinois Indiana Wisconsin Size of Civilian Labor Force (Millions) 1.62 5.09 6.45 3.18 3.08 Unemployment Rate (%) 5.1 7.1 5.6 5.4 4.8

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a b unweighted mean 56 The wei...View the full answer

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