An economist is studying the job market in Denver area neighborhoods. Letxrepresent the total number of jobs in a given neighborhood, and letyrepresent 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).
Complete parts (a) through (e), given Σx= 196, Σy= 28, Σx2= 7406, Σy2= 164, Σxy= 1075, andr≈ 0.877.
Extracted text: (c) Find x, and y. Then find the equation of the least-squares line ŷ = 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= 32.66 y = 4.67 X + .160
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