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1.2 Let us examine the Group-of-Seven (G-7) countries’ unemployment rates in year 2002, as shown in the table below.
United Kingdom United States
7.81 8.97 7.98 9.05 5.28 5.06 5.62
?a. Calculate the mean and standard deviation of the G-7 data on unemployment rates.
b. Calculate the individual z-scores of the unemployment rates for Canada and Japan. Describe
what these z-score values mean in words.
This question was answered on: May 23, 2022
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