Faculty mentor: Scott Schaefer
My project examines the effect a change in municipal water rates has on water consumption. City officials estimated a 5% increase in water rates would yield a 5% increase in city revenue, but the year after water revenue decreased by 1%. Using linear regression I found average usage should have decreased between 119-238 gallons per month for the average household after the rate change but that the average monthly bill should have risen by $3.43, resulting in an increase in revenue of 1.5-4.2%.
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