Riders

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The dataset Weekly Riders.xlsx lists the number of average weekly riders for a sample of years on a Metro transit system. The data shows the number of average weekly riders (in thousands). if the year was one of major construction, the price per ride, the population (in thousands), and the parking rate

  • Code the variable Construction as 0 = No and 1 = Yes. Report the estimated regression equation predicting weekly riders as a function of construction, price, population, and rate.
  • In addition, predict the number of weekly riders for a year with major construction, where the ride costs $1.20, the parking rate is $0.90 and the population is 1,500 thousand