How can I work out question 3 (b)? ←17:433 of 3Question 3RegionNorthFIN303 Class Test Revision(1).pdfPage 2 of 6Table 1: Unemployment and Crime in a Sample of 8 U.K. RegionsYorkshire and The HumberMidlandsLondonSouthWalesScotlandNorthern IrelandUnemploymentRate (%)4.393.784.425.113.202.664.342.3596101789570794559(Source: data extract and modified from Statista, 2020)Crime Rate per ThousandPopulationTable 1 shows a sample of 8 U.K. regions in 2020. In theory, we would expect crime rateto be higher in regions where a greater percentage of the population was unemployed.a) Calculate the sample mean and sample standard deviation for both the "Unemployment Rate"and "Crime Rate per Thousand Population" variables.b) Use the information in Table 1 to estimate and interpret the intercept and slope coefficientsof a bivariate linear regression model of crime rate per thousand population onunemployment rates:CrimeRate; Bo + B₁ UnemploymentRate; + εic) Calculate the residual sum of squares (RSS) and total sum of squares (TSS) from the estimatedmodel in b).0

Answered: a) Calculate the sample mean and sample…

a) Calculate the sample mean and sample standard deviation for both the "Unemployment Rate" and "Crime Rate per Thousand Population" variables.

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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