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Show the process of your calculation. Only a number for answers cannot earn the full credits. An economist is studying the job market in Detroit
Show the process of your calculation. Only a number for answers cannot earn the full credits. An economist is studying the job market in Detroit area neighborhoods. Let a: = the total number of jobs (units in hundreds of jobs) in a given neighborhood, and let y = the number of entry level jobs in the same neighborhood. A sample of six Detroit neighborhoods gave the following information. 3213 32 48 28 50 25 y327593 1. Compute the sample correlation coefcient 7". (Round your value for r to three decimal places.) Describe the scatterplot (direction, linearot linear, strength of correlation). 2. Find the equation of the leastsquares line 3} = a + bx. 3. Create a scatter plot of the data and overlay an (approximate) regression line. 4. Find the value of the coefcient of determination r2. Interpret it as \"the percentage of the variation in y can be explained by a: through the leastsquares line?\" (Round your answer for r2 to three decimal places.) 5. If possible, predict the number of entry level jobs for a neighborhood with a: = 34 hundred jobs. If not possible, answer NP. (Round your answer to two decimal places.) 6. If possible, predict the number of entry level jobs for a neighborhood with a: = 83 hundred jobs. If not possible, answer NP. (Round your answer to two decimal places.)
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