The probability of being in the labor force for anyone would be 40,390/51,582. If you want to include age and education factors, multiply those probabilities by the one you obtained above.
What is the difference in definition between being in the "labor force" and being "employed"?
I hope this helps. Thanks for asking.
If you know that a randomly chosen person 25 years of age or older is a college graduate, what is the probability that he/she is in the force labor? Show your work.
Given for college graduates:
total pop = 51,582
in labor force = 40,390
employed = 39, 293
I tried using the Case 1 equation but I am sure that I used the numbers incorrectly because I kept on getting big numbers like 400 or something. Please help?
Thanks!
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