Question

In: Statistics and Probability

Almost all U.S. light-rail systems use electric cars that run on tracks built at street level....

Almost all U.S. light-rail systems use electric cars that run on tracks built at street level. The Federal Transit Administration claims light-rail is one of the safest modes of travel, with an accident rate of .99 accidents per million passenger miles as compared to 2.29 for buses. The following data show the miles of track and the weekday ridership in thousands of passengers for six light-rail systems.

City Miles of Track Ridership (1000s)
Cleveland 13 16
Denver 15 36
Portland 36 82
Sacramento 19 32
San Diego 45 76
San Jose 29 31
St. Louis 32 43
  1. Use these data to develop an estimated regression equation that could be used to predict the ridership given the miles of track.

    Compute b0 and b1 (to 2 decimals).
    b1  
    b0  

    Complete the estimated regression equation (to 2 decimals).
    y =  +  x
  2. Compute the following (to 1 decimal):
    SSE
    SST
    SSR
    MSE

  3. What is the coefficient of determination (to 3 decimals)? Note: report r2 between 0 and 1.


    Does the estimated regression equation provide a good fit?
    SelectYes, it even provides an excellent fitYes, it provides a good fitNo, it does not provide a good fitItem 10
  4. Develop a 95% confidence interval for the mean weekday ridership for all light-rail systems with 30 miles of track (to 1 decimal).
    (  ,  )
  5. 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 (to 1 decimal).
    (  ,  )

    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?

Solutions

Expert Solution

a)

b1 =1.76

bo =-2.25

y^ =-2.25+1.76x

b)

SSE =Syy-(Sxy)2/Sxx= 1,038.7
SST=Syy= 3,620.9
SSR =(Sxy)2/Sxx = 2,582.1

MSE = 207.7

c)

Coeffficient of determination R^2 =SSR/SST= 0.713

Yes, it provides a good fit

d)

95% confidence interval =35.9 , 64.9

e)

95% prediction interval =10.6 , 90.2


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