Unemployment Study Each month the U.

Unemployment StudyEach month the U.S. Bureau of Labor Statistics publishes a variety of unemployment statistics,including the number of individuals who are unemployed and the mean length oftime the individuals have been unemployed. For November 1998, the Bureau of Labor Statisticsreported that the national mean length of time of unemployment was 14.6 weeks.The mayor of Philadelphia requested a study on the status of unemployment in thePhiladelphia area. A sample of 50 unemployed residents of Philadelphia included dataon their age and the number of weeks without a job. A portion of the data collected inNovember 1998 follows. The complete data set is available in the data file BLS. (ATTACHED)Managerial Report1. Use descriptive statistics to summarize the data.2. Develop a 95% confidence interval estimate of the mean age of unemployed individualsin Philadelphia.3. Conduct a hypothesis test to determine whether the mean duration of unemploymentin Philadelphia is greater than the national mean duration of 14.6 weeks. Use a .01level of significance. What is your conclusion?4. Is there a relationship between the age of an unemployed individual and the numberof weeks of unemployment? Explain.