what is std estimated proportion estimated standard erro

Suppose that there are N = 50, 000 people in a particular town. It is well known that each person can belong to one of the following three categories: employed, unemployed, and not in labor force. For example, high school students are neither employed nor unemployed. They belong to the group of “not in labor force”. Now, suppose that you have a SRS of size n = 1, 000 from the population and obtain the following results:

  1. How many people are employed in the town? What is the estimated standard error of your estimate?
  2. What is the estimated proportion of the labor force in the town? What is the estimated standard error of the estimate?
  3. The unemployment rate is defined as the proportion of unemployed people among the labor force. What is your estimate of the unemployment rate in the town? (Extra Credit:) Can you estimate the standard error of this unemployment rate? Why (or why not)?
Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our Guarantees

Money-back Guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism Guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision Policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy Policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation Guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more
error: