Question 1 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 Determine the multiple regression equation for the data. What is the predicted value of the number of weekly riders if: price of bus trips per week = $24; population = $2,000,000; the monthly income of riders = $13,500; and average rate to park your personal vehicle = $150. Interpret the coefficient of determination.

Question 1 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 Determine the multiple regression equation for the data. What is the predicted value of the number of weekly riders if: price of bus trips per week = $24; population = $2,000,000; the monthly income of riders = $13,500; and average rate to park your personal vehicle = $150. Interpret the coefficient of determination.

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Question 1

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

Determine the multiple regression equation for the data.
What is the predicted value of the number of weekly riders if: price of bus trips per week = $24; population = $2,000,000; the monthly income of riders = $13,500; and average rate to park your personal vehicle = $150.
Interpret the coefficient of determination.

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