Question

In: Economics

Suppose the unemployment rate in May is 5.5%, in June is 5.6% and in July it...

Suppose the unemployment rate in May is 5.5%, in June is 5.6% and in July it is 5.7%. Which of the following statements is true?

The change in the unemployment rate of May to June is statistically significant.

Even though neither the change in the unemployment rate from May to June nor the change from June to July is statistically significant, the change in the unemployment rate from May to July also is statistically significant.

Because neither the change in the unemployment rate from May to June nor the change from June to July is statistically significant, the change in the unemployment rate from May to July also is not statistically significant.

The change from May to June is statistically significant, but not the one from June to July.

Solutions

Expert Solution

Even though neither the change in the unemployment rate from May to June nor the change from June to July is statistically significant, the change in the unemployment rate from May to July also is statistically significant.

Explanation: There is a 0.2% points increase in unemployment rate from May to July.

Rahul Sunny answered 2 years ago
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