Find the unemployment rates

Reference no: EM131011548

1. Find the unemployment rates. Find the unemployment rate for people with each level of education. How does the unemployment rate change with education? Explain carefully why your results show that level of education and being employed are not independent.

2. Conditional probabilities and independence.

(a) What is the probability that a randomly chosen person 25 years of age or older is in the labor force?

(b) If you know that the person chosen is a college graduate, what is the conditional probability that he or she is in the labor force?

3. Find some conditional probabilities. You know that a person is employed. What is the conditional probability that he or she is a college graduate? You know that a second person is a college gradauate. What is the conditional probability that he or she is employed?

Reference no: EM131011548

Questions Cloud

Find some conditional probabilities : Beth knows the probabilities for her genetic types from part (c) of the previous exercise. She marries Bob, who is albino. Bob's genetic type must be aa.

Able to increase the contribution-retirement plan : Assume that you contribute $250 per month to a retirement plan for 25 years. Then you are able to increase the contribution to $500 per month for another 25 years. Given a 8 percent interest rate, what is the value of your retirement plan after the 5..

Maximum tax rate on dividends and capital gains : In 2003, the maximum tax rate on dividends and capital gains is 15%. Andrew, who is in the 35% ordinary income tax bracket, purchased 100,000 shares of stock at $50 per share in January 2003. Dividends of $0.50 per share were paid in April and Septem..

Describe the relationship between the narrator and his wife : In "Cathedral," how would you describe the relationship between the narrator and his wife? Do you think their relationship will change after this experience? What do you feel is the significance of the Robert's lack of vision

Find the unemployment rates : Find the unemployment rate for people with each level of education. How does the unemployment rate change with education? Explain carefully why your results show that level of education and being employed are not independent.

Optimal capital structure with hamada : Beckman Engineering and Associates (BEA) is considering a change in its capital structure. BEA currently has $20 million in debt carrying a rate of 6%, and its stock price is $40 per share with 2 million shares outstanding. BEA is a zero growth firm ..

Find level of production that will yield a maximum profit : The company realizes a revenue of R(x) = -0.08x2 + 180x (0

Describe the ideal traits or characteristics of the person : Describe the ideal traits or characteristics of the person or team who would spearhead the CQI process. Examine how CQI leaders can garner support and buy-in from staff responsible for CQI activities

The total capital raised in a convertible bond issue : An analyst makes the following statement: “A firm should add the total capital raised in a convertible bond issue to its debt balance when estimating the cost of capital and should ignore the equity portion until the bonds have been converted, at whi..

User Account

All Pages