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  3. question 4 1 pointssave answer you estimated the following model...

Question: question 4 1 pointssave answer you estimated the following model...

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Question 4 1 pointsSave 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. Predict crime rate for the town with unemployment rate of 7 percent. . sum crimerate unemprate Obs 150 Variable Mean Std. Dev. Min Max crimerate 1927 4550.267 8.569333 1500.039 3.050953 9705 26.9 unemprate 150 reg C crimerate unemprate 150 3.95 0.0486 0.0260 0.0194 1485.4 Source df MS Number of obs = Model Residual 8723809.59 326543462 F (1, 148) 1 8723809.59 Prob >F 148 2206374.74 R-squared Adj R-squared - 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 3870 79 3949 4425

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