Question: To explore how unemployment compensation returns money to the economy
To explore how unemployment compensation returns money to the economy, the state of Washington annually conducts a study of household expenditures for claimants who received unemployment compensation from the state. In a recent study, a random sample of 1049 claimants was surveyed from a population of approximately 350,000 people who had received unemployment benefits during the year. Average household expenditure for the sample during the month of June was $2,754.If the sample standard deviation for June household expenditures in the sample was $243, show the 99% confidence interval estimate of average June expenditures for the population of 350,000 claimants.
Relevant QuestionsTo estimate the average daily consumption (in milligrams) of nutritional supplements taken by professional baseball players, a sample of players is randomly selected from the population of major league and minor league ...The table shows the names of the sales staff at Richards & Jacobs Securities, together with the number of major accounts that each one services: a. Using sampling without replacement, show all four possible samples of size ...Listed here are the six members of the Council of Oil and Petroleum Exporting Countries: Argentina, Bahrain, Colombia, Dubai, Ecuador, and Oman. You plan to take a sample of these member countries in order to estimate the ...A random sample from a large population produces a sample proportion of .4. Sample size is 500. Build and interpret the 95% confidence interval estimate of the population proportion. There are five people in the human resource department of Hobson’s Choice Meats. Three are planning to retire next year; two expect to stay for at least three more years. a. List the five possible samples of size 4 that ...
Post your question