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Solved: Exercises 69 to 72 refer to the following setting. In the language of government
Chapter 7, Problem 71(choose chapter or problem)
Refer to the following setting. In the language of government statistics, you are “in the labor force” if you are available for work and either working or activelyseeking work. The unemployment rate is the proportion of the labor force (not of the entire population) who are unemployed. Here are data from the Current Population Survey for the civilian population aged 25 years and over in a recent year. The table entries are counts in thousands of people.
| Highest Education | Total Population | In Labor Force | Employed |
| Didn't finish high school | 27,669 | 12,740 | 11,408 |
| High school but no college | 59,860 | 37,834 | 35,857 |
| Less than bachelor's degree | 47,556 | 34,439 | 32,977 |
| College graduate | 51,582 | 40,390 | 39,293 |
If you know that a randomly chosen person 25 years of age or older is a college graduate, what is the probability that he or she is in the labor force? Show your work.
Questions & Answers
QUESTION:
Refer to the following setting. In the language of government statistics, you are “in the labor force” if you are available for work and either working or activelyseeking work. The unemployment rate is the proportion of the labor force (not of the entire population) who are unemployed. Here are data from the Current Population Survey for the civilian population aged 25 years and over in a recent year. The table entries are counts in thousands of people.
| Highest Education | Total Population | In Labor Force | Employed |
| Didn't finish high school | 27,669 | 12,740 | 11,408 |
| High school but no college | 59,860 | 37,834 | 35,857 |
| Less than bachelor's degree | 47,556 | 34,439 | 32,977 |
| College graduate | 51,582 | 40,390 | 39,293 |
If you know that a randomly chosen person 25 years of age or older is a college graduate, what is the probability that he or she is in the labor force? Show your work.
ANSWER:Step 1 of 2
Given:
The data from the Current Population Survey for the civilian population aged 25 years and over in a recent year is provided.