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(Q1) In the question above, which variable is the dependent variable in this analysis?

a. Income

b. Parking Rate

c. Weekly Riders

d. Price per Ride

e. Population

(Q2) Use other variables as independent variables in your regression equation. Interpret the estimated regression coefficients for parking rate.

a. Holding all else constant, dependent variable decreases by approximately 195 thousand when the parking rate rises by $1.00.

b. Holding all else constant, dependent variable increases by approximately 195 thousand when the parking rate rises by $1.00.

c. Holding all else constant, dependent variable increases by approximately 185 thousand when the parking rate rises by $1.00.

d. Holding all else constant, dependent variable decreases by approximately 185 thousand when the parking rate rises by $1.00.