are mean/standard deviation and usual range good measures of the unemployment rate in America?
*I personally dont think so, but im curious to see what others have to say
22-25, F
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BlueVeins · 22-25
Mean and standard deviation are good for deriving a parameter, such as the true unemployment rate, from a sampling of people. Your final results shouldn't really include a standard deviation because there's only one true population proportion. If anything, there should be a confidence interval.