The following table gives the joint probability distribution
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The following table gives the joint probability distribution between employment status and college graduation among thos
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The following table gives the joint probability distribution between employment status and college graduation among those either employed or looking for work (unemployed) in the working-age population of country A. a. Compute E(Y). b. The unemployment rate is a fraction of the labor force that is unemployed. Show that the unemployment rate is given by 1 ? E(Y). c. Calculate E(Y X = 1) and E(Y X = 0). d. Calculate the unemployment rate for (i) college graduates and (ii) non
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