Question

Unemployment Each month, the Current Population Survey interviews about $60,000$ randomly selected U.S. adults. One of their goals is to estimate the national unemployment rate. In October $2016,4.9\%$ of those interviewed were unemployed.

Short answer

The population, parameter and statistics respectively are,

• $60,000$adults in the United States were chosen at random.
• $p=$sample proportion of unemployed adults in the United States$=4.9\%=0.049$
• $p=$the population proportion of unemployed adults in the United States

Step-by-step solution

Given information

We need to find out the population, parameter, sample, and statistics.

Explanation

We know that

• The $4.9$percent is based on the $60,000$U.S. adults in the sample, therefore $4.9$percent indicates the sample proportion of unemployed U.S. adults, implying that $4.9$percent is a statistic.
• The population proportion of unemployed adults in the United States is the corresponding parameter.
• $p=$sample proportion of unemployed adults in the United States$=4.9\%=0.049$
• $p=$the population proportion of unemployed adults in the United States