The following are the January 2005 unemployment rates and civilian labor force sizes for five states in
Question:
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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Related Book For
Business Statistics In Practice
ISBN: 9780073401836
6th Edition
Authors: Bruce Bowerman, Richard O'Connell
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