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Question: question 12 1 points save answer you estimated the following...

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Question 12 1 points Save Answer You estimated the following model that explains crime rate (number of crimes per 100,000 population) as a function of unemployment rate (for example 5 stands for 5%) across 150 largest cities in the US. Calculate residual for a city with 4000 crime rate and unemployment rate of 3% te unemprate Obs 150 . sum crimera Variable Mean Std. Dev Min Max crimerate unemprate 4550.267 8.569333 1500.039 3.050953 1927 4.2 9705 26.9 150 reg crimerate unemprate df 150 3.95 0.0486 0.0260 Adj R-squared = 0.0194 1485.4 Source MS Number of obs F (1, 148) 1 8723809.59 ProbF 148 2206374.74 R-squared Model87 8723809.59 326543462 Residual Total 335267271 149 2250115.91 Root MSE crimerate Coef. Std. Err (95% Conf. Interval] unemprate cons 79.30936 39.88513 3870.638 362.6691 1.99 0.049 10.67 0.000 4914605 3153.96 158.1272 4587.317 367 -108 50 129

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