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).x173252285025y127593 Complete parts (a) through (e) after verifying that Σx = 204, Σy = 27, Σx2 = 7,926, Σy2 = 169, Σxy = 1,110, and r ≈ 0.8854.A) Find x (in hundreds). (Round your answer to four decimal places.)x = hundred jobsFind y (in hundreds). (Round your answer to four decimal places.)y = hundred jobsFind the equation of the least-squares line ŷ = a + bx. (Round your numerical values to four decimal places.)ŷ =

Here are the formulasThe formula for regression line is y=a+bxxyxyx2y217117289132264102445272642704492851407842550 9450250081253756259sum x=204sum y=27sum (xy)=1010sum (x2 )=7926sum (y2)=169Find x (in hundreds)Find y :The equation of the least-squares line is given by:x=34y=4.5The equation of the least-squares line is given by:

Answered: An economist is studying the job market…

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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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	17	32	52	28	50	25
y	1	2	7	5	9	3

Complete parts (a) through (e) after verifying that Σx = 204, Σy = 27, Σx² = 7,926, Σy² = 169, Σxy = 1,110, and r ≈ 0.8854.

A) Find x (in hundreds). (Round your answer to four decimal places.)
x =
hundred jobs
Find y (in hundreds). (Round your answer to four decimal places.)
y =
hundred jobs
Find the equation of the least-squares line ŷ = a + bx. (Round your numerical values to four decimal places.)
ŷ =

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