Statistics: Informed Decisions Using Data (4th Edition)

Published by Pearson
ISBN 10: 0321757270
ISBN 13: 978-0-32175-727-2

Chapter 2 - Section 2.3 - Assess Your Understanding - Vocabulary and Skill Building - Page 107: 11c

Answer

The misery index for 1992 was about 10.5%. The misery index for 2009 was about 8.8%.

Work Step by Step

1992: unemployment rate = 7.5%, inflation rate = 3.0%. $Misery~index=7.5$% $+3.0$% $=10.5$% 2009: unemployment rate = 9.2%, inflation rate = -0.4%. $Misery~index=9.2$% $+(-0.4)$% $=8.8$%
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