Calculate the standard error of the estimate

Reference no: EM131798836

For a sample of 41 New England cities, a sociologist studies the crime rate in each city (crimes per 100,000 residents) as a function of its poverty rate (in %) and its median income (in $1,000s). A portion of the regression results are shown.

2360_portion of the regression results.png

a. Calculate the standard error of the estimate. Given that the mean crime rate for this sample is 597, calculate and interpret Se/

b. What proportion of the variability in crime rate is explained by the variability in the explanatory variables? What proportion is unexplained?

Reference no: EM131798836

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