Question: You want to determine the variables that influence bus usage

You want to determine the variables that influence bus usage in major American cities. For 24 cities, the following data are listed in the file P11_55.xlsx:
• Bus travel (annual, in thousands of hours)
• Income (average per capita income)
• Population (in thousands)
• Land area (in square miles)
a. Use these data to fit the multiplicative equation Bus Travel
• Bus travel (annual, in thousands of hours)
• Income (average per capita income)
• Population (in thousands)
• Land area (in square miles)
b. Are all variables significant at the 5% level?
c. Interpret the estimated values of β1, β2, and β3.


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  • CreatedApril 01, 2015
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