Does it Pay to Get a College Degree? The Bureau of Labor Statistics^17Thompson,

Question

Does it Pay to Get a College Degree? The Bureau of Labor Statistics^17Thompson, D., "what's More Expensive than College? Not Going to College, " The Atlantic, March 27, 2012, in the US tells us that, in 2010, the unemployment rate for high school graduates with no college degree is 9.7% while unemployment rate for college graduates with a bachelor's degree is only 52%. Find the difference in proportions of those unemployed between these two groups and give the correct notation for the difference, with a minus sign. Since the data come from the census, you can assume that the values are from a population rather than a sample. Use the correct notation for population proportions and use subscripts on the proportions to identify the two groups.

Explanation / Answer

Answer:

Unemployment rate for high school graduates P1 = 0.097

Unemployment rate for college graduates P2 = 0.052

The difference in Unemployment rate P1-P2 = 0.097-0.052 =0.045

Related Questions

Navigate

• Browse (All)
• Browse D
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.