An economist is analyzing the job market in Denver-area neighborhoods. If x represents the total number of jobs in a given neighborhood and y represents the number of entry-level jobs in the same neighborhood, given the data for six Denver neighborhoods (in hundreds of jobs) as follows:
x: 16, 33, 50, 28, 50, 25
y: 2, 3, 6, 5, 9, 3,
determine if there exists a linear relationship between x and y. If so, find the equation of the least-squares line and interpret the slope.