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 18 31 48 28 50 25 y 2 3 7 5 9 3 Complete parts (a) through (e), given Σx = 200, Σy = 29, Σx2 = 7498, Σy2 = 177, Σxy = 1130, and r ≈ 0.933. (a) Draw a scatter diagram displaying the data. (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 = 37 hundred jobs, how many are predicted to be entry level jobs? (Round your answer to two decimal places.) _________ hundred jobs

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	18	31	48	28	50	25
y	2	3	7	5	9	3

Complete parts (a) through (e), given Σx = 200, Σy = 29, Σx² = 7498, Σy² = 177, Σxy = 1130, and r ≈ 0.933.

(a) Draw a scatter diagram displaying the data.

(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 = 37 hundred jobs, how many are predicted to be entry level jobs? (Round your answer to two decimal places.)
_________ hundred jobs

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