Statistics Problems

5/8/2019 Assignment Print View

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2. Award: 0.20 points    

The table below shows the percent of the labor force that is unemployed and the size of the labor force for three counties in northwest Ohio. Jon Elsas is the Regional Director of Economic Development. He must present a report to several companies that are considering locating in northwest Ohio.

County Percent

Unemployed Size of

Workforce Wood 4.5 15,300 Ottawa 3.0 10,400 Lucas 10.2 150,600

What would be an appropriate unemployment rate to show for the entire region? (Round your answer to 2 decimal places.)

Unemployment rate

References

Worksheet Difficulty: 2 Intermediate

Learning Objective: 03-02 Compute a weighted mean.