SCENARIO 17-7
as a Project for His Business Statistics Class $$Y _ { i } = \alpha + \beta _ { 1 } X _ { 1 i } + \beta _ { 2 } X _ { 2 i } + \beta _ { 3 } X _ { 3 i } + \varepsilon$$

question 182

Multiple Choice

SCENARIO 17-7
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 $$Y _ { i } = \alpha + \beta _ { 1 } X _ { 1 i } + \beta _ { 2 } X _ { 2 i } + \beta _ { 3 } X _ { 3 i } + \varepsilon$$
where
$Y$ is the meter price
$X _ { l }$ is the number of blocks to the quad
$X _ { 2 }$ is a dummy variable that takes the value 1 if the meter is located in downtown and off campus and the value 0 otherwise
$X _ { 3 }$ 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.

$\begin{array}{lr}\hline {\text { Regression Statistics }} \\\hline \text { Multiple R } & 0.9659 \\\text { R Square } & 0.9331 \\\text { Adjusted R Square } & 0.9294 \\\text { Standard Error } & 0.0327 \\\text { Observations } & 58\end{array}$

$\text { ANOVA }$
$\begin{array}{lrrrrr}\hline & D f & \text { SS } & \text { MS } & F & \text { Significance } F \\\hline \text { Regression } & 3 & 0.8094 & 0.2698 & 251.1995 & 0.0000 \\\text { Residual } & 54 & 0.0580 & 0.0010 & & \\\text { Total } & 57 & 0.8675 & & & \\\hline\end{array}$

$\begin{array}{lrrrr}\hline & \text { Coefficients }& \text {Standard Error } &{t \text { Stat }} & {P \text {-value }} \\\hline \text { Intercept } & 0.5118 & 0.0136 & 37.4675 & 2.4904 \\\mathrm{X}_{1} & -0.0045 & 0.0034 & -1.3276 & 0.1898 \\\mathrm{X}_{2} & -0.2392 & 0.0123 & -19.3942 & 0.0000 \\\mathrm{X}_{3} & -0.0002 & 0.0123 & -0.0214 & 0.9829\end{array}$
-Referring to Scenario 17-7, 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

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Definitions:

Interneurons

Specialized neurons that relay information between sensory neurons and motor neurons, playing a critical role in reflexes and neuronal circuits.

Peripheral Nervous System

The part of the nervous system that consists of the nerves and ganglia outside of the brain and spinal cord, responsible for connecting the CNS to limbs and organs.

Nerve Cells

The basic building blocks of the nervous system, responsible for transmitting information throughout the body through electrical and chemical signals.

Brain

The organ located in the skull responsible for central nervous system functions, including processing, interpreting, and storing information; as well as controlling many body activities.