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
An economist is studying the job market in Denver area neighborhoods. Letxrepresent the total number of jobs in a given neighborhood, and letyrepresent 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).
x13 35 51 28 50 25
y 3 3 5 5 9 3
Complete parts (a) through (e), givenx=202,y=28,x2=7904,y2=158,xy=1064,andr0.699.
(b) Verify the given sumsx,y,x2,y2,xy, and the value of the sample correlation coefficientr. (Round your value forrto three decimal places.)
x=
y=
x2=
y2=
xy=
r=
(c) Findx, andy. Then find the equation of the least-squares line=a+bx. (Round your answers forxandyto two decimal places. Round your answers foraandbto three decimal places.)
x=
y==
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 determinationr2. What percentage of the variation inycan beexplainedby the corresponding variation inxand the least-squares line? What percentage isunexplained? (Round your answer forr2to three decimal places. Round your answers for the percentages to one decimal place.)
r2=
explained%
unexplained%
(f) For a neighborhood withx=33hundred jobs, how many are predicted to be entry level jobs? (Round your answer to two decimal places.)
hundred jobs
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