Question 1b The St. Lucian Government is interested in predicting the number of weekly riders on the public buses using the following variables: • Price of bus trips per week The population in the city The monthly income of riders Average rate to park your personal vehicle City Number of weekly riders Price per week Population of city Monthly income of riders Average parking rates per month 1 192,000 $15 1,800,000 $5,800 $50 2 190,400 $15 1,790,000 $6,200 $50 3 191,200 $15 1,780,000 $6,400 $60 4 177,600 $25 1,778,000 $6,500 $60 5 176,800 $25 1,750,000 $6,550 $60 6 178,400 $25 1,740,000 $6,580 $70 7 180,800 $25 1,725,000 $8,200 $75 8 175,200 $30 1,725,000 $8,600 $75 9 174,400 $30 1,720,000 $8,800 $75 10 173,920 $30 1,705,000 $9,200 $80 11 172,800 $30 1,710,000 $9,630 $80 12 163,200 $40 1,700,000 $10,570 $80 13 161,600 $40 1,695,000 $11,330 $85 14 161,600 $40 1,695,000 $11,600 $100 15 160,800 $40 1,690,000 $11,800 $105 16 159,200 $40 1,630,000 $11,830 $105 17 148,800 $65 1,640,000 $12,650 $105 18 115,696 $102 1,635,000 $13,000 $110 19 147,200 $75 1,630,000 $13,224 $125 20 150,400 $75 1,620,000 $13,766 $130 21 152,000 $75 1,615,000 $14,010 $150 22 136,000 $80 1,605,000 $14,468 $155 23 126,240 $86 1,590,000 $15,000 $165 24 123,888 $98 1,595,000 $15,200 $175 25 126,080 $87 1,590,000 $15,600 $175 26 151,680 $77 1,600,000 $16,000 $190 1. At the 5% significance level, determine if the model is useful for predicting the number of weekly riders on public buses. In responding, construct and test any appropriate hypothesis. [ 2. At the 5% significance level, does it appear that price of bus trips per week, population or average rate to park your personal vehicle can be removed from the model as unnecessary? In responding, construct and test any appropriate hypothesis.
Question 1b The St. Lucian Government is interested in predicting the number of weekly riders on the public buses using the following variables: • Price of bus trips per week The population in the city The monthly income of riders Average rate to park your personal vehicle City Number of weekly riders Price per week Population of city Monthly income of riders Average parking rates per month 1 192,000 $15 1,800,000 $5,800 $50 2 190,400 $15 1,790,000 $6,200 $50 3 191,200 $15 1,780,000 $6,400 $60 4 177,600 $25 1,778,000 $6,500 $60 5 176,800 $25 1,750,000 $6,550 $60 6 178,400 $25 1,740,000 $6,580 $70 7 180,800 $25 1,725,000 $8,200 $75 8 175,200 $30 1,725,000 $8,600 $75 9 174,400 $30 1,720,000 $8,800 $75 10 173,920 $30 1,705,000 $9,200 $80 11 172,800 $30 1,710,000 $9,630 $80 12 163,200 $40 1,700,000 $10,570 $80 13 161,600 $40 1,695,000 $11,330 $85 14 161,600 $40 1,695,000 $11,600 $100 15 160,800 $40 1,690,000 $11,800 $105 16 159,200 $40 1,630,000 $11,830 $105 17 148,800 $65 1,640,000 $12,650 $105 18 115,696 $102 1,635,000 $13,000 $110 19 147,200 $75 1,630,000 $13,224 $125 20 150,400 $75 1,620,000 $13,766 $130 21 152,000 $75 1,615,000 $14,010 $150 22 136,000 $80 1,605,000 $14,468 $155 23 126,240 $86 1,590,000 $15,000 $165 24 123,888 $98 1,595,000 $15,200 $175 25 126,080 $87 1,590,000 $15,600 $175 26 151,680 $77 1,600,000 $16,000 $190 1. At the 5% significance level, determine if the model is useful for predicting the number of weekly riders on public buses. In responding, construct and test any appropriate hypothesis. [ 2. At the 5% significance level, does it appear that price of bus trips per week, population or average rate to park your personal vehicle can be removed from the model as unnecessary? In responding, construct and test any appropriate hypothesis.
Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter5: A Survey Of Other Common Functions
Section5.3: Modeling Data With Power Functions
Problem 6E: Urban Travel Times Population of cities and driving times are related, as shown in the accompanying...
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The St. Lucian Government is interested in predicting the number of weekly riders on the public buses using the following variables: • Price of bus trips per week
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