The operating costs per trip of bus services and their mean fares, both in dollars, are shown
Question:
Let C be the operating cost per trip and F be the mean fare, both in dollars, for a fixed-route bus service.
a. For the association between C and F, identify the explanatory and response variables.
b. Construct a scatterplot by hand that describes the association between C and F.
c. Is the association positive, negative, or neither? What does that mean in this situation? Why does this make sense?
d. Graph the model F = 0.18C + 0.11 by hand on the scatter- plot. Does the model come close to the data points?
e. Use the model to predict the mean fare of a fixed-route bus service with operating cost $4.25.
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