10. For a "One Sample \( Z^{\prime \prime} \) test, you will first need to find the population standard deviation sigma \( (\sigma) \). The population standard deviation for each of the three possible variables is listed below. SELECT the sigma value for the variable you chose (Choose one): a. Overall Unemployment Rate 2023 Sigma: \( 5.044 \% \) b. Female Unemployment Rate 2023 Sigma: \( 4.929 \% \) c. Male Unemployment Rate 2023 Sigma: \( 4.617 \% \) down each of the following descriptive statistics. Sample Mean ( \( \bar{x} \) ): IEnter vour answer here.] d Sample Z Test" tab in the "Statistics Toolbox". Then Sample Standard Deviation (s): [Enter your answer here.] Minimum: [Enter your answer here.]
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Did you know that the unemployment rates fluctuate not just due to economic conditions but also based on seasonal trends? For instance, certain industries like tourism and agriculture can see spikes in employment during peak seasons. Understanding these patterns can help in interpreting the unemployment statistics more accurately. Now, when performing your one-sample \( Z^{\prime \prime} \) test, it's crucial to clearly define your sample size (n) and calculate the sample mean (\( \bar{x} \)). A common mistake is using a small sample size which can lead to an unreliable mean. Always ensure your sample is representative of the population for more accurate results!