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SCENARIO 18-7
as a Project for His Business Statistics Class,a $\alpha$

Question 312

Multiple Choice

SCENARIO 18-7
As a project for his business statistics class,a student examined the factors that determined parking meter rates throughout the campus area.Data were collected for the price per hour of parking,blocks to the quadrangle,and one of the three jurisdictions: on campus,in downtown and off campus,or outside of downtown and off campus.The population regression model hypothesized is
Y_i= $\alpha$ + $\beta$ ₁X₁_i+ $\beta$ ₂X ₂_i+ $\beta$ ₃X ₃_i+ $\varepsilon$
where
Y is the meter price
X₁ is the number of blocks to the quad
X₂ is a dummy variable that takes the value 1 if the meter is located in downtown and off campus and the value 0 otherwise
X₃ is a dummy variable that takes the value 1 if the meter is located outside of downtown and off campus,and the value 0 otherwise
The following Excel results are obtained.
$SCENARIO 18-7 As a project for his business statistics class,a student examined the factors that determined parking meter rates throughout the campus area.Data were collected for the price per hour of parking,blocks to the quadrangle,and one of the three jurisdictions: on campus,in downtown and off campus,or outside of downtown and off campus.The population regression model hypothesized is Yi = \alpha + \beta 1 X1i + \beta 2 X 2i + \beta 3 X 3i + \varepsilon where Y is the meter price X1 is the number of blocks to the quad X2 is a dummy variable that takes the value 1 if the meter is located in downtown and off campus and the value 0 otherwise X3 is a dummy variable that takes the value 1 if the meter is located outside of downtown and off campus,and the value 0 otherwise The following Excel results are obtained. -Referring to Scenario 18-7,predict the meter rate per hour if one parks outside of downtown and off campus 3 blocks from the quad. A) $-0.0139 B) $0.2589 C) $0.2604 D) $0.4981$ $SCENARIO 18-7 As a project for his business statistics class,a student examined the factors that determined parking meter rates throughout the campus area.Data were collected for the price per hour of parking,blocks to the quadrangle,and one of the three jurisdictions: on campus,in downtown and off campus,or outside of downtown and off campus.The population regression model hypothesized is Yi = \alpha + \beta 1 X1i + \beta 2 X 2i + \beta 3 X 3i + \varepsilon where Y is the meter price X1 is the number of blocks to the quad X2 is a dummy variable that takes the value 1 if the meter is located in downtown and off campus and the value 0 otherwise X3 is a dummy variable that takes the value 1 if the meter is located outside of downtown and off campus,and the value 0 otherwise The following Excel results are obtained. -Referring to Scenario 18-7,predict the meter rate per hour if one parks outside of downtown and off campus 3 blocks from the quad. A) $-0.0139 B) $0.2589 C) $0.2604 D) $0.4981$ $SCENARIO 18-7 As a project for his business statistics class,a student examined the factors that determined parking meter rates throughout the campus area.Data were collected for the price per hour of parking,blocks to the quadrangle,and one of the three jurisdictions: on campus,in downtown and off campus,or outside of downtown and off campus.The population regression model hypothesized is Yi = \alpha + \beta 1 X1i + \beta 2 X 2i + \beta 3 X 3i + \varepsilon where Y is the meter price X1 is the number of blocks to the quad X2 is a dummy variable that takes the value 1 if the meter is located in downtown and off campus and the value 0 otherwise X3 is a dummy variable that takes the value 1 if the meter is located outside of downtown and off campus,and the value 0 otherwise The following Excel results are obtained. -Referring to Scenario 18-7,predict the meter rate per hour if one parks outside of downtown and off campus 3 blocks from the quad. A) $-0.0139 B) $0.2589 C) $0.2604 D) $0.4981$
-Referring to Scenario 18-7,predict the meter rate per hour if one parks outside of downtown and off campus 3 blocks from the quad.

A) $-0.0139
B) $0.2589
C) $0.2604
D) $0.4981

SCENARIO 18-7 as a Project for His Business Statistics Class,a α\alphaα

Multiple Choice

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SCENARIO 18-7
as a Project for His Business Statistics Class,a $\alpha$

Correct Answer:
Verified
Unlock this answer now
Get Access to more Verified Answers free of charge