Question
In: Statistics and Probability
Use the following information for all questions. The U.S. Census Bureau reported the following unemployment rates...
Use the following information for all questions.
The U.S. Census Bureau reported the following unemployment rates (y) associated with the given number of years of education (x).
| Years of Education | Unemployment Rate |
| 5.0 | 16.8 |
| 7.5 | 17.1 |
| 8.0 | 15.3 |
| 10.0 | 20.6 |
| 12.0 | 11.7 |
| 14.0 | 8.1 |
| 16.0 | 3.8 |
5. Which of the following is the equation of the regression line? Round the slope and the y=intercept to two decimal places.
6.a. Interpret the slope of the regression line in a sentence. Be sure to interpret in context for the problem.
6.b. Interpret the y-intercept of the regression line in a sentence or explain why the value is not practical. Be sure to refer to the context of the problem.
7. Predict the unemployment rate for 11 years of education. Round the final answer to one decimal place and give the final answer in a full sentence.
8. a. Find the predicted unemployment rate for 8 years of education. Give the response in a full sentence.
8.b. Find the residual for 8 years of education.
9. Was the predicted value an overestimate or an underestimate or was it exactly equal to the observed value?
a. Underestimate
b. Exactly Equal
c. Overestimate
10. Find the 95% prediction interval for 8 years of education. Round the endpoints to two decimal places.
a. (8.10, 22.50)
b. (11.7,18.9)
c. (9.07, 23.47)
d. (12.67, 19.87)
11. Find the coefficient of determination, r2, rounded to one decimal place in percentage form, and interpret the value in context of the problem.
Solutions
orchestra answered 1 year agoRelated Solutions
The U.S. Census Bureau reported the following unemployment rates (y) associated with the given number of...
The U.S. Census Bureau reported the following unemployment rates
(y) associated with the given number of years of education (x).
Years of Education
Unemployment Rate
5.0
16.8
7.5
17.1
8.0
15.3
10.0
20.6
12.0
11.7
14.0
8.1
16.0
3.8
1. Find the 95% prediction interval for 8 years of education.
Round the endpoints to two decimal places.
a. (8.10, 22.50)
b. (11.7,18.9)
c. (9.07, 23.47)
d. (12.67, 19.87)
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The U.S. Census Bureau computes quarterly vacancy and homeownership rates by state and metropolitan statistical areas....
The U.S. Census Bureau computes quarterly vacancy and
homeownership rates by state and metropolitan statistical areas.
The following data are the rental vacancy rates in percentage (%)
grouped by region for the last quarter of 2018 using a sample of 4
statistical metropolitan areas.
Vacancy rates (%)
Region
Northeast
South
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1
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2
6
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3
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You are...
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Census: Highest Education Attainment - 2005
No
High
School
Associate's
Bachelor's
Graduate
or
Diploma
Diploma
Degree
Degree
Professional
Degree
Percent
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48%
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