MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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Question
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 | 16 | 33 | 50 | 28 | 50 | 25 |
y | 2 | 3 | 6 | 5 | 9 | 3 |
- Draw a
scatter diagram displaying the data. You do not need to share your diagram. - Verify the given sums∑x=202, ∑x2=7754, ∑y=28, ∑y2=164, and ∑xy=1096
-
Find a and b. Then find the equation of the least-squares line yˆ=a+bx.
-
For a neighborhood with x=40 jobs, how many are predicted to be entry-level jobs?
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