As reported by tradingeconomics.com on September 2, 2012, the unemployment rates (in %) in major economies around

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As reported by tradingeconomics.com on September 2, 2012, the unemployment rates (in %) in major economies around the world are as follows:

CountryUnemployment Rate (in %)

Australia...........5.2

China...........4.1

France...........10.0

Germany...........6.8

India...........3.8

United Kingdom.......8.0

United States.......... 8.3

a. Calculate the margin of error used in the 95% confidence level for the population mean. Explain the assumption made for the analysis.

b. How can we reduce the margin of error for the 95% confidence interval?

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Essentials Of Business Statistics Communicating With Numbers

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Authors: Sanjiv Jaggia, Alison Kelly

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Question Posted: Jan 28, 2015 10:07 AM

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As reported by tradingeconomics.com on September 2, 2012, the unemployment rates (in %) in major economies around

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Essentials Of Business Statistics Communicating With Numbers

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