(d) Free response submission. Use JMP to create a histogram and boxplot of the u

Question

(d) Free response submission. Use JMP to create a histogram and boxplot of the unem- need to use it to be able to answer this question). Also, assume that the unemployment rate ways positive (this assumption follows the Economic literature which states that the n economy could have a zero percent unemployment rate is if it were severely overheated.) Using your JMP output, the theoretical properties of the Normal distribution ployment rates (you do not need to upload the histogram or boxplot, but you will is al only way a

Explanation / Answer

1) The histogram suggests that the data is right skewed Mean is greater than the mean

2) There is an outlier present in the data as suggested by the box plot

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