Independent variable and dependent variable

Assignment Help Business Economics
Reference no: EM132028022

Please help me with this question, I can't figure out which one is the independent variable and dependent variable?

Year--- Number of Tourists (1,000,000)--- Ridership (100,000)

1-----------------8---------------16

2-----------------3---------------11

3-----------------7----------------14

4-----------------5----------------16

5-----------------15--------------26

6-----------------16---------------28

7------------------17--------------25

8-----------------13----------------15

9------------------15----------------28

10-----------------21----------------45

Springfield Massachusetts has long been known as a top vacation spot in the country, due largely to its beautiful weather, the Basketball Hall of Fame, and the home of Dr. Seuss. Peter Pan Bus Lines is a travel company specializing in providing public transportation to the region, and would like to make preparations for the upcoming year. Springfield city officials are expecting 17 million (17,000,000) tourists over the next year. As part of the planning process, Peter Pan has accumulated statistics for the past ten years pertaining to the total number of Springfield tourists, as well as the number of customers (i.e., ridership). 

Using the equation y=mx+b, what is the predicted number of ridership over the next year (i.e., assume that there are expected to be 17,000,000 tourists; 17 million tourists

Reference no: EM132028022

Questions Cloud

How do the given numbers differ from other countries : Identify the bacteria that caused the highest number of drug-resistant infections in the U.S. How do these numbers differ from other countries?
Is national debt indicate that federal government is too big : Compose a 600 word essay in response to the assignment question - Is the national debt an indication that the Federal government is too big
Dependent sample with two variables : What inferential statistic would you use for a independent sample with two variables?
Explain the use of corporate social media accounts policy : The policies will be disseminated throughout the company by incorporating them into the Manager's Deskbook.
Independent variable and dependent variable : Springfield Massachusetts has long been known as a top vacation spot in the country, due largely to its beautiful weather, the Basketball Hall of Fame
What new problems might be created : Which people and what institutions might be most seriously harmed by a technological solution? What new problems might be created because we have solved.
Which test did he do better relative to the rest : He received a score of 72 on a biology test for which the class mean was 70 with standard deviation 8. On which test did he do better relative to the rest
How relevant are the new skills to your current profession : Base on the course content, discuss new skills you acquired from this class? How relevant are the new skills to your current and/or future profession?
Independent sample with two variables : What inferential statistic would you use for a independent sample with two variables?

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd