What is the probability of the sample, Macroeconomics

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What is the probability of the sample

8.3% of the labor force was unemployed in January 2012 according to the Bureau of Labor Statistics. A random sample of 100 employable adults was selected. What is the probability that exactly 7 people from this sample are unemployed by using the normal approximation to the binomial distribution?

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Macroeconomics: What is the probability of the sample

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Macroeconomics: What is the probability of the sample

Reference No:- TGS0872287

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Recent Questions Asked Macroeconomics

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Request for Solution File

Ask an Expert for Answer!!

Macroeconomics: What is the probability of the sample

Reference No:- TGS0872287

Recent Questions Asked Macroeconomics

Q : Examine the trends and forecast the direction

Q : Determine the cut-off point

Q : Describe what you would rather maximize your total

Q : Approximately normally distributed

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Q : Evaluate the wage paid and the number of labor hours

Q : Discuss what will his future savings be in five years

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