An economist is studying the job market in Denver area neighborhoods. Let x represent the total number of jobs in a given neighborhood, and let y represent the number of entry-level jobs in the same neighborhood. A sample of six Denver neighborhoods gave the following information (units in hundreds of jobs). x 15 32 51 28 50 25 y 3 3 7 5 9 3 Complete parts (a) through (e), given Σx = 201, Σy = 30, Σx2 = 7759, Σy2 = 182, Σxy = 1163, and r ≈ 0.872. (a) Draw a scatter diagram displaying the data. Flash Player version 10 or higher is required for this question. You can get Flash Player free from Adobe's website. (b) Verify the given sums Σx, Σy, Σx2, Σy2, Σxy, and the value of the sample correlation coefficient r. (Round your value for r to three decimal places.) Σx = Σy = Σx2 = Σy2 = Σxy = r = (c) Find x, and y. Then find the equation of the least-squares line = a + bx. (Round your answers for x and y to two decimal places. Round your answers for a and b to three decimal places.) x = y = = + x (d) Graph the least-squares line. Be sure to plot the point (x, y) as a point on the line. (e) Find the value of the coefficient of determination r2. What percentage of the variation in y can be explained by the corresponding variation in x and the least-squares line? What percentage is unexplained? (Round your answer for r2 to three decimal places. Round your answers for the percentages to one decimal place.) r2 = explained % unexplained % (f) For a neighborhood with x = 42 hundred jobs, how many are predicted to be entry level jobs? (Round your answer to two decimal places.) hundred jobs

Name: An economist is studying the job market in Denver area neighborhoods.
Uploaded: 2024-03-20T07:07:12.000Z
Channel: Bartleby
Description: An economist is studying the job market in Denver area neighborhoods. Let x represent the total number of jobs in a given neighborhood, and let y represent the number of entry-level jobs in the same neighborhood. A sample of six Denver neighborhoods

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Related questions

Topic Video

Question

An economist is studying the job market in Denver area neighborhoods. Let x represent the total number of jobs in a given neighborhood, and let y represent the number of entry-level jobs in the same neighborhood. A sample of six Denver neighborhoods gave the following information (units in hundreds of jobs).

x	15	32	51	28	50	25
y	3	3	7	5	9	3

Complete parts (a) through (e), given Σx = 201, Σy = 30, Σx² = 7759, Σy² = 182, Σxy = 1163, and r ≈ 0.872.

(a) Draw a scatter diagram displaying the data.

Flash Player version 10 or higher is required for this question.
You can get Flash Player free from Adobe's website.

(b) Verify the given sums Σx, Σy, Σx², Σy², Σxy, and the value of the sample correlation coefficient r. (Round your value for r to three decimal places.)

Σx =
Σy =
Σx² =
Σy² =
Σxy =
r =

(c) Find x, and y. Then find the equation of the least-squares line = a + bx. (Round your answers for x and y to two decimal places. Round your answers for a and b to three decimal places.)

x	=
y	=
	=	+ x

(d) Graph the least-squares line. Be sure to plot the point (x, y) as a point on the line.

(e) Find the value of the coefficient of determination r². What percentage of the variation in y can be explained by the corresponding variation in x and the least-squares line? What percentage is unexplained? (Round your answer for r² to three decimal places. Round your answers for the percentages to one decimal place.)

r² =
explained	%
unexplained	%

(f) For a neighborhood with x = 42 hundred jobs, how many are predicted to be entry level jobs? (Round your answer to two decimal places.)
hundred jobs

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 8 steps with 8 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

$Hypothesis Tests and Confidence Intervals for Means$

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.

Similar questions