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What do you think is the chance that the unemployment rate in U.S. of that year was lower than 9.7%?
In other words, in year X, what do you think is the chance that, the number of unemployed individuals is less than 97 out of every 1000 individuals in the labor force?
| What do you think is the chance that the unemployment rate in the randomly selected year X was lower than 9.7%? Which range is more likely? |