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A highway department is studying the relationship between traffic flow and speed. The following model has been hypothesized: y = Bot Box + 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) 1,245 35 1,318 40 1,215 30 1,324 45 1,338 50 1,112 25 (a) Develop an estimated regression equation for the data. (Round bo to one decimal place and b₁ to two decimal places.) y =

A highway department is studying the relationship between traffic flow and speed. The following model has been hypothesized: y = Bot Box + 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) 1,245 35 1,318 40 1,215 30 1,324 45 1,338 50 1,112 25 (a) Develop an estimated regression equation for the data. (Round bo to one decimal place and b₁ to two decimal places.) y =

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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A highway department is studying the relationship between traffic flow and speed. The following model has been hypothesized: y = Bot Box + 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) 1,245 35 1,318 40 1,215 30 1,324 45 1,338 50 1,112 25 (a) Develop an estimated regression equation for the data. (Round bo to one decimal place and b₁ to two decimal places.) y =
Transcribed Image Text:A highway department is studying the relationship between traffic flow and speed. The following model has been hypothesized: y = Bot Box + 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) 1,245 35 1,318 40 1,215 30 1,324 45 1,338 50 1,112 25 (a) Develop an estimated regression equation for the data. (Round bo to one decimal place and b₁ to two decimal places.) y =
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