Question: Almost all U S light rail systems use electric cars that run

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 (USA Today, January 7, 2003).
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.

Sale on SolutionInn
  • CreatedSeptember 20, 2015
  • Files Included
Post your question