Dun & Bradstreet have reported the number of business starts and the employment they have provided for the years shown here. The data are also in file XR17060. Generate a scatter diagram and apply an appropriate polynomial model to fit the data. Does there appear to be any relationship between the variables? How much of the variation in employment is explained by the model?

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Employment Year Starts 1985 249,770 1,657,383 1986 253,092 1,650,537 1987 233,170 1,552,708 1988 199,091 1,333,426 1989 181,645 1,212,464 827,012 1990 158,930 731,621 1991 155,672 1992 164,086 800,827 1993 166,154 780,804 1994 188,387 758,134 1995 168,158 738,606 846,973 1996 170,475 1997 166,740 939,310