The following model was fitted to data on gas mileage as a function of weight of vehicle and type of vehicle (sport utility vehicle, family sedan, subcompact). Model: MPG = 50 - 0.004WT - 8SUV - 3FS MPG =miles per gallon; WT=weight of vehicle; SUV=sport utility vehicle; FS=family sedan Answer the questions below. 1. Each pound of weight reduces fuel economy by MPG 2. Fuel economy is reduced by MPG for a sport utility vehicle 3. Fuel economy is reduced by MPG for a family sedan 4. For a subcompact car weighing 1000 pounds, what is the predicted fuel economy?

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Scenario: The following model was fitted to data on gas mileage as a function of weight of vehicle and type of vehicle (sport utility vehicle, family sedan, subcompact). Model: MPG = 50 - 0.004WT - 8SUV - 3FS

MPG =miles per gallon; WT=weight of vehicle; SUV=sport utility vehicle; FS=family sedan

Answer the questions below.

1. Each pound of weight reduces fuel economy by

MPG

2. Fuel economy is reduced by

MPG for a sport utility vehicle

3. Fuel economy is reduced by

MPG for a family sedan

4. For a subcompact car weighing 1000 pounds, what is the predicted fuel economy?

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