One way of measuring the extent of unemployment is through the help wanted index, which measures the number of want ads in the nation’s newspapers. The higher the index, the greater the demand for workers. Another measure is the unemployment rate among insured workers. An economist wanted to know whether these two variables are related, and if so, how. He acquired the help wanted index and unemployment rates for each month between 1951 and 2006 (last year available). Determine the strength and direction of the relationship.
Answer to relevant QuestionsA manufacturing firm produces its products in batches using sophisticated machines and equipment. The general manager wanted to investigate the relationship between direct labor costs and the number of units produced per ...Repeat Exercise for the 2009 season.The practitioner also recorded the average away attendance for each team in the 2012 season. Because visiting teams take a share of the gate, owners should be interested in this ...We recorded the home and away attendance for the NBA for the 2012–2013 seasons.a. Analyze the relationship between the number of wins and home attendance.b. Perform a similar analysis for away attendance.c. What have you ...Determine whether the age (AGE) of the respondent and the amount of time he or she in a typical week watches news on television (TIME2) are linearly related.The temperature in December in Buffalo, New York, is often below 40 degrees Fahrenheit (4 degrees Celsius). Not surprisingly, when the National Football League Buffalo Bills play at home in December, coffee is a popular item ...
Post your question