SUMMARY OUTPUT

Regression Statistics
Multiple R 0.972364343
R Square 0.9454924155
Adjusted R Square 0.9355819456
Standard Error 5406.3701680351
Observations 27

ANOVA
df SS MS F Significance F
Regression 4 11154120959.188 2788530240 95.40339 1.44E-13
Residual 22 643034444.66404 29228838.4
Total 26 11797155403.852

Coefficients Standard Error t Stat P-value Lower 95%Upper 95%

Intercept 100222.560661716 135917.87404676 0.73737587 0.468686 -181654 382099
X Variable 1 -689.5227228192 95.4028672832 -7.2274843 3.05E-07 -887.376 -491.669
X Variable 2 0.05494128 0.0723391486 0.75949581 0.455618 -0.09508 0.204963
X Variable 3 -1.3013668666 1.6274500214 -0.7996355 0.432472 -4.67649 2.073758
X Variable 4 152.4563672637 73.8629623667 2.0640435 0.051004 -0.72604 305.6388
Lower 95.0%
Upper 95.0%
-181654 382099 null
-887.376 -491.669 alternative x1,x4 further regression to be carried out
-0.09508 0.204963 null
-4.67649 2.073758 null
-0.72604 305.6388 alternative
City Number of weekly riders Price per week Population of city Monthly income of riders
1 192,000 $15 1,800,000 $5,800
2 190,400 $15 1,790,000 $6,200
3 191,200 $15 1,780,000 $6,400
4 177,600 $25 1,778,000 $6,500
5 176,800 $25 1,750,000 $6,550
6 178,400 $25 1,740,000 $6,580
7 180,800 $25 1,725,000 $8,200
8 175,200 $30 1,725,000 $8,600
9 174,400 $30 1,720,000 $8,800
10 173,920 $30 1,705,000 $9,200
11 172,800 $30 1,710,000 $9,630
12 163,200 $40 1,700,000 $10,570
13 161,600 $40 1,695,000 $11,330
14 161,600 $40 1,695,000 $11,600
15 160,800 $40 1,690,000 $11,800
16 159,200 $40 1,630,000 $11,830
17 148,800 $65 1,640,000 $12,650
18 115,696 $102 1,635,000 $13,000
19 147,200 $75 1,630,000 $13,224
20 150,400 $75 1,620,000 $13,766
21 152,000 $75 1,615,000 $14,010
22 136,000 $80 1,605,000 $14,468
23 126,240 $86 1,590,000 $15,000
24 123,888 $98 1,595,000 $15,200
25 126,080 $87 1,590,000 $15,600
26 151,680 $77 1,600,000 $16,000
27 152,800 $63 1,610,000 $16,200
Average parking rates per month
$50
$50
$60
$60
$60
$70
$75
$75
$75
$80
$80
$80
$85
$100
$105
$105
$105
$110
$125
$130
$150
$155
$165
$175
$175
$190
$200