Questions: Employment statistics in the US are often based on two nationwide monthly surveys: the Current Population Survey (CPS) and the Current Employment Statistics (CES) survey. The CPS samples approximately 60,000 US households and collects the employment status, job type, and demographic information of each resident in the household. The CES survey samples 140,000 non-farm, businesses and government agencies and collects the number of payroll jobs, pay rates, and related information for each firm. (a) What is the population in the CPS survey? All US households The 60,000 US households surveyed All non-farm business and government agencies The 140,000 non-farm businesses and government agencies surveyed

Employment statistics in the US are often based on two nationwide monthly surveys: the Current Population Survey (CPS) and the Current Employment Statistics (CES) survey. The CPS samples approximately 60,000 US households and collects the employment status, job type, and demographic information of each resident in the household. The CES survey samples 140,000 non-farm, businesses and government agencies and collects the number of payroll jobs, pay rates, and related information for each firm.

(a) What is the population in the CPS survey?
All US households
The 60,000 US households surveyed
All non-farm business and government agencies
The 140,000 non-farm businesses and government agencies surveyed

Transcript text: Employment statistics in the US are often based on two nationwide monthly surveys: the Current Population Survey (CPS) and the Current Employment Statistics (CES) survey. The CPS samples approximately 60,000 US households and collects the employment status, job type, and demographic information of each resident in the household. The CES survey samples 140,000 non-farm, businesses and government agencies and collects the number of payroll jobs, pay rates, and related information for each firm. (a) What is the population in the CPS survey? All US households The 60,000 US households surveyed All non-farm business and government agencies The 140,000 non-farm businesses and government agencies surveyed

Solution

Solution Steps

To determine the population in the CPS survey, we need to identify the group that the survey aims to represent. The CPS survey samples 60,000 US households to gather data on employment status, job type, and demographic information. Therefore, the population of the CPS survey is all US households, as the survey is designed to represent this entire group.

Step 1: Identify the Population of the CPS Survey

The Current Population Survey (CPS) is designed to collect data on employment status, job type, and demographic information from a sample of households. The survey specifically samples approximately 60,000 US households.

Step 2: Define the Population

The population that the CPS survey aims to represent is all US households, not just the sampled households. This means that the CPS is intended to provide insights and statistics that reflect the entire population of households in the United States.