A highway department is studying the relationship between traffic flow and speed. The following model has been
Question:
A highway department is studying the relationship between traffic flow and speed. The following model has been hypothesized.
y = β0 + β1 x + ε
where
y = traffic flow in vehicles per hour
x = vehicle speed in miles per hour
The following data were collected during rush hour for six highways leading out of the city.
Traffic Flow (y)...................................Vehicle Speed (x)
1256...................................................................35
1329...................................................................40
1226...................................................................30
1335...................................................................45
1349...................................................................50
1124...................................................................25
a. Develop an estimated regression equation for the data of the form Ŷ = b0 + b1 x and test for a significant relationship using α = .01.
b. Develop an estimated multiple regression equation of the form Ŷ = b0 + b1 x2 and test for a significant relationship using α = .01.
c. Predict the traffic flow in vehicles per hour at a speed of 38 miles per hour.
Step by Step Answer:
Essentials Of Modern Business Statistics With Microsoft Excel
ISBN: 9780840062383
5th Edition
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams