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Mathematics, 07.03.2020 04:29 Tnguyen8160

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 34 52 28 50 25

y 1 4 5 5 9 3

Complete parts (a) through (e), given Σx = 202, Σy = 27, Σx2 = 7938, Σy2 = 157, Σxy = 1074, and r ≈ 0.821.
a. Verify the given sums Σx, Σy, Σx2, Σy2, Σxy, and the value of the sample correlation coefficient r.
b. Find x, and y. Then find the equation of the least-squares line y = a + bx. (Round your answers for x and yto two decimal places. Round your answers for a and b to three decimal places.)
c. Find the value of the coefficient of determination r2. What percentage of the variation in y can be explainedby the corresponding variation in x and the least-squares line?
d. For a neighborhood with x = 34 hundred jobs, how many are predicted to be entry level jobs?

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