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).x133050285025y226593Complete parts (a) through (e), given Σx = 196, Σy = 27, Σx2 = 7478, Σy2 = 159, Σxy = 1051, and r ≈ 0.842.(a) Draw a scatter diagram displaying the data. (b)Graph the least-squares line. Be sure to plot the point (x, y) as a point on the line. (c)For a neighborhood with x = 40 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.
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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

(a) Scatter diagram for the given data is constructed below: Steps to construct scatter plot:…

Answered: An economist is studying the job market…

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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	13	30	50	28	50	25
y	2	2	6	5	9	3

Complete parts (a) through (e), given Σx = 196, Σy = 27, Σx² = 7478, Σy² = 159, Σxy = 1051, and r ≈ 0.842.

(a) Draw a scatter diagram displaying the data.

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

(c)For a neighborhood with x = 40 hundred jobs, how many are predicted to be entry level jobs? (Round your answer to two decimal places.)
hundred jobs

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