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ys 70 eoni idence interval for μο 4. The following table contains the minimum wage and...
5. Use the unemployment and minimum wage data above to answer this question. a) What is...
5. Use the unemployment and minimum wage data above to answer this question. a) What is the predicted unemployment rate for a state with a minimum wage of 10 dollars? How does this compare to the actual unemployment rate in Colorado? If a state increases its minimum wage from 10 dollars to 15 dollars, what is the predicted change in the unemployment rate? b) c) Compute the predicted unemployment rate and the prediction error for each state. d) Compute the...
C) Estimate the linear model for a state's unemployment rate shown below (i.e. estimate Bo and β1...
Only question 6 please, this is the model referred to in
Question 6 from 5.c
c) Estimate the linear model for a state's unemployment rate shown below (i.e. estimate Bo and β1) using OLS. Write the resulting regression equation. unemployment rate-β0 + β|minimum wage + ε 6. The following questions ask you to use the regression model you estimated to predict unemployment rates (ie, the model in 5.c). Use the unemployment and minimum wage data from the table above to...
IF THERE IS WORK PLEASE SHOW HOW YOU GO THE ANSWER! The table below presents a...
IF THERE IS WORK PLEASE SHOW HOW YOU GO THE ANSWER! The table below presents a sample of data from our StateCrime dataset. State Unemployment Rate Violent Crime Rate Alabama 9.75 9.3 Arizona 8.58 8.9 Arkansas 20.7 7.7 Connecticut 7.77 8.8 Delaware 20.63 7.7 Illinois 41.27 9.1 Kentucky 9.98 8.4 Louisiana 18.13 8.1 Massachusetts 11.04 7.6 Michigan 15.02 9.8 Mississippi 31.16 10.3 Missouri 22.61 7.5 Ohio 14.51 8.2 Oregon 9.86 9.3 Pennsylvania 5.54 7.9 Rhode Island 10.38 8.5 South Carolina...
Rate 3% 12% 14% 8% 9% 596 State Rate State 1090 | Kansas 11% Kentucky 13%...
Rate 3% 12% 14% 8% 9% 596 State Rate State 1090 | Kansas 11% Kentucky 13% Louisiana 1296 | Maine 8% Maryland 690 590 | Michigan 890 | Minnesota 996 | Mississippi 1196 | Missouri 1390 | Montana 1090 | Nebraska 996 | Nevada 996| New Hampshire 590 796 | New Jersey 1290 | South Dakota 996 | Tennessee Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa New Mexico New York North Carolina...
Table 1: Data from Selected US States, use table where directed Per Capita Personal Average Teacher...
Table 1: Data from Selected US States, use table where directed Per Capita Personal Average Teacher Percent of Pop With State Income Salary BA/BS Alabama 33516 46879 21.9 Alaska 44205 58395 27.9 Arizona 34553 46358 25.9 Arkansas 32678 47472 19.5 California 42578 68093 30.1 Colorado 42226 48487 36.4 Connecticut 54877 63152 35.5 Delaware 39664 56667 27.8 District of Columbia 70044 62557 50.1 Florida 38222 46021 25.8 Georgia 34800 52879 27.3 Hawaii 41661 55733 29.5 Idaho 31986 45178 24.4 Illinois 42057...
The homeownership rate in the US. was 61.4% in 2009, In order to determine if homeownership is li...
The homeownership rate in the US. was 61.4% in 2009, In order to determine if homeownership is linked with income, 2009 state-level data on the homeownership rate (Ownership in %) and median household income (income in $) were collected. A portion of the data is shown in the accompanying table State Alabama Alaska ownership Income 36,000 57,624 66.7 62.5 Wyoming 68.2 48,490 XC a-1. Estimate the model Ownership = β0 + β1Income + ε. (Negative values should be indicated by...
the minimum wage in 15 states Name of state Data value State 1 Alabama 2.2 State...
the minimum wage in 15 states Name of state Data value State 1 Alabama 2.2 State 2 Arkansas 0.7 State 3 Connecticut 0.9 State 4 Florida 6.6 State 5 Idaho 0.6 State 6 Iowa 1.2 State 7 Louisiana 2.9 State 8 Massachusetts 1.9 State 9 Mississippi 1.3 State 10 Nebraska 0.5 State 11 New Jersey 2.2 State 12 North Carolina 4.6 State 13 Oklahoma 1.4 State 14 Rhode Island 0.4 State 15 Tennessee 3.4 Analysis: Compute the mean and standard...
please answer these 2 questions !! 1. 2. A government bureau publishes the percent of adults...
please answer these 2 questions !!
1.
2.
A government bureau publishes the percent of adults in each state and the District of Columbia who have completed a bachelor's degree. The data is provided in the accompanying table. Use this information to complete parts (a) through (c). Click the icon to view the data table. a. Use technology to construct a stem-and-leaf diagram of the percentages with one line per stem. Complete the stem-and-leat diagram below. (Type whole numbers. Use...
Minimum Wage Name of state Data value State 1 Alabama 2.2 State 2 Arkansas 0.7 State...
Minimum Wage Name of state Data value State 1 Alabama 2.2 State 2 Arkansas 0.7 State 3 Connecticut 0.9 State 4 Florida 6.6 State 5 Idaho 0.6 State 6 Iowa 1.2 State 7 Louisiana 2.9 State 8 Massachusetts 1.9 State 9 Mississippi 1.3 State 10 Nebraska 0.5 State 11 New Jersey 2.2 State 12 North Carolina 4.6 State 13 Oklahoma 1.4 State 14 Rhode Island 0.4 State 15 Tennessee 3.4 Analysis: Compute the mean and standard deviation of the sample...
The data contained in the file named StateUnemp show the unemployment rate in March 2011 and...
The data contained in the file named StateUnemp show the unemployment rate in March 2011 and the unemployment rate in March 2012 for every state.† State Unemploy- ment Rate March 2011 Unemploy- ment Rate March 2012 Alabama 9.3 7.3 Alaska 7.6 7.0 Arizona 9.6 8.6 Arkansas 8.0 7.4 California 11.9 11.0 Colorado 8.5 7.8 Connecticut 9.1 7.7 Delaware 7.3 6.9 Florida 10.7 ...
5. Use the unemployment and minimum wage data above to answer this question. a) What is the predicted unemployment rate for a state with a minimum wage of 10 dollars? How does this compare to the actual unemployment rate in Colorado? If a state increases its minimum wage from 10 dollars to 15 dollars, what is the predicted change in the unemployment rate? b) c) Compute the predicted unemployment rate and the prediction error for each state. d) Compute the...
Only question 6 please, this is the model referred to in
Question 6 from 5.c
c) Estimate the linear model for a state's unemployment rate shown below (i.e. estimate Bo and β1) using OLS. Write the resulting regression equation. unemployment rate-β0 + β|minimum wage + ε 6. The following questions ask you to use the regression model you estimated to predict unemployment rates (ie, the model in 5.c). Use the unemployment and minimum wage data from the table above to...
Rate 3% 12% 14% 8% 9% 596 State Rate State 1090 | Kansas 11% Kentucky 13% Louisiana 1296 | Maine 8% Maryland 690 590 | Michigan 890 | Minnesota 996 | Mississippi 1196 | Missouri 1390 | Montana 1090 | Nebraska 996 | Nevada 996| New Hampshire 590 796 | New Jersey 1290 | South Dakota 996 | Tennessee Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa New Mexico New York North Carolina...
Table 1: Data from Selected US States, use table where directed Per Capita Personal Average Teacher Percent of Pop With State Income Salary BA/BS Alabama 33516 46879 21.9 Alaska 44205 58395 27.9 Arizona 34553 46358 25.9 Arkansas 32678 47472 19.5 California 42578 68093 30.1 Colorado 42226 48487 36.4 Connecticut 54877 63152 35.5 Delaware 39664 56667 27.8 District of Columbia 70044 62557 50.1 Florida 38222 46021 25.8 Georgia 34800 52879 27.3 Hawaii 41661 55733 29.5 Idaho 31986 45178 24.4 Illinois 42057...
The homeownership rate in the US. was 61.4% in 2009, In order to determine if homeownership is linked with income, 2009 state-level data on the homeownership rate (Ownership in %) and median household income (income in $) were collected. A portion of the data is shown in the accompanying table State Alabama Alaska ownership Income 36,000 57,624 66.7 62.5 Wyoming 68.2 48,490 XC a-1. Estimate the model Ownership = β0 + β1Income + ε. (Negative values should be indicated by...
please answer these 2 questions !!
1.
2.
A government bureau publishes the percent of adults in each state and the District of Columbia who have completed a bachelor's degree. The data is provided in the accompanying table. Use this information to complete parts (a) through (c). Click the icon to view the data table. a. Use technology to construct a stem-and-leaf diagram of the percentages with one line per stem. Complete the stem-and-leat diagram below. (Type whole numbers. Use...
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