Question

Unemployment rates and earnings by educational attainment, 2017 Unemployment rate (%) Median usual weekly earnings (S) Doctoral degree5 1,743 Professional degree Master's degree Bachelor's degree Associate's degree 1,836 1,401 1,173 836 o clae no d40 774 High school diploma 712 Less than a high school diploma 520 Total: 3.6% All workers: $907 Note: Data are for persons age 25 and over Source: US Bureau of Labor Statistics, Current Population Survey Earnings are for full-time wage and salary workers 1. What population is described by this bar chart? 2. Describe any relationship between: a) unemployment and educational attainment. b) weekly earnings and educational attainment. 3. In 2017, what was the overall national: a) percentage of unemployment. b) median weekly earning. 4. Based on this bar chart is it better to earn a doctoral degree or a professional degree? V

Not sure at all about #1. Any help is appreciated!

Answer 1

Answer 1

We know that the population for a case is defined as the total possible set of data values or observations. In this case, observations were taken for unemployed people, i.e. population of interest is related to people.

It is given clearly given that data are given for person with age 25 and over, so our population of interest in this case is " all person with age 25 and over".

" all person with age 25 and over" includes many subsets or samples, like high school diploma holders, Bachelor's degree holder and master's degree holder, etc.