Labor statistics publishe variety of unemployment statistics

Assignment Help Financial Management

Reference no: EM13911024

Each month the US Bureau of Labor Statistics publishes a variety of unemployment statistics, including the number of individuals who are unemployed and the mean length of time the individuals have been unemployed. For November 1998, the Bureau of Labor Statistics reported that the national mean length of time of unemployment was 14.6 weeks. The mayor of Philadelphia requested a study on the status of unemployment in the Philadelphia area. A sample of 50 unemployed residents of Philadelphia included data on their age and the number of weeks without a job. A portion of the data collected in November 1998 follows. The complete data set is available in the data file BLS. Managerial Report 1. Use descriptive statistics to summarize the data. 2. Develop a 95% confidence interval estimate of the mean age of unemployed individuals in Philadelphia. 3. Conduct a hypothesis test to determine whether the mean duration of unemployment in Philadelphia is greater than the national mean duration of 14.6 weeks. Use a .01 level of significance. What is your conclusion? 4. Is there a relationship between the age of an unemployed individual and the number of weeks of unemployment? Explain

Reference no: EM13911024

Questions Cloud

Calculate the-mortgage constant-annual debt service-egi : You borrow $75,000 for 30 years at 11% interest compounded annually. The value of the property is $100,000, PGI= $20,000, vacancy rates are 8%, and operating expenses are $8,100. Calculate the -Mortgage constant -Annual Debt Service -EGI, NOI, BTCF -..

Currently hold market index portfolio : Based on current dividend yields and expected capital gains, the expected rates of return on portfolios A and B are 12.5% and 14.7%, respectively. The beta of A is .7, while that of B is 1.3. The T-bill rate is currently 7%, while the expected rate o..

Electronic commerce based on the parties involved : Briefly define the term electronic commerce, and identify five forms of electronic commerce based on the parties involved in the transactions.

Portfolio containing stock-what is beta of your portfolio : You have $130,000 to invest in a portfolio containing Stock X and Stock Y. Your goal is to create a portfolio that has an expected return of 14.6 percent. Stock X has an expected return of 12.8 percent and a beta of 1.30, and Stock Y has an expected ..

Labor statistics publishe variety of unemployment statistics : Each month the US Bureau of Labor Statistics publishes a variety of unemployment statistics, including the number of individuals who are unemployed and the mean length of time the individuals have been unemployed. Develop a 95% confidence interval es..

An advertising agency is estimating costs : An advertising agency is estimating costs for advertising a music festival.

What impact will the new erp system have on altitude : What impact will the new ERP system have on Altitude Online public facing Web site? How will it affect its intranet? What types of applications will be available from the employee dashboard?

Assume the cash flows are conventional : An investment under consideration has a payback of six years and a cost of $434,000. If the required return is 12 percent, what is the worst-case NPV? The best-case NPV? Explain. Assume the cash flows are conventional.

If you were an artist or producer what would you do : Downloading music, radio, and video programs from the Internet is easier and more regulated than in the past, but some companies are still worried that people will illegally obtain copies of this programming without paying the artists and producer..

User Account

All Pages