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(Solution) - Table 70 shows the unemployment rates for people with various

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Table 70 shows the unemployment rates for people with various full-time-equivalent years of education.

Let y be the unemployment rate (in percent) for people with a full-time equivalent of x years of education.
a. Construct a scatterplot.
b. Find an equation of a regression model.
c. Describe the four characteristics of the association. Compute and interpret an appropriate correlation coefficient as part of your analysis.
d. Compute and interpret the coefficient of determination.
e. Predict the unemployment rate for people who have 16 full-time-equivalent years of education. Compute and interpret the residual for your result.

 







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This question was answered on: Jul 11, 2017

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