Almost all U.S. light-rail systems use electric cars that run on tracks built at street level. The
Question:
a. Use these data to develop an estimated regression equation that could be used to predict the ridership given the miles of track.
b. Did the estimated regression equation provide a good fit? Explain.
c. Develop a 95% confidence interval for the mean weekday ridership for all light-rail systems with 30 miles of track.
d. Suppose that Charlotte is considering construction of a light-rail system with 30 miles of track. Develop a 95% prediction interval for the weekday ridership for the Charlotte system. Do you think that the prediction interval you developed would be of value to Charlotte planners in anticipating the number of weekday riders for their new light rail system? Explain.
Step by Step Answer:
Statistics For Business And Economics
ISBN: 9780538481649
11th Edition
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams