Explain each of the following types of alternative-fuel vehicles currently under development:
-explain 1 type of alternative-fuel vehicle, and discuss the following:
-economic advantages and disadvantages.
-why your selection is better than the other choices.
-Provide evidence to for all your research selection including citations in APA style.
The main issue with investing any any alternative fuel vehicle is the investment in the infrastructure. Let's say for example that we think natural gas cars are the answer. However after producing millions of them, and creating the fueling stations needed, it turns out that natural gas is a worse polluter than oil, or the supply of natural gas can't keep up with demand. This is the reason why it has been so hard to switch away from gasoline, even when gas prices are high. Because the infrastructure is already paid for gasoline cheaper than the alternatives, practically speaking. And when we factor in the realities of implementing any of these practically, we discover they aren't as great as we thought. While they may be economically and environmentally friendly in terms of an alternative fuel in a car, getting them to consumers makes them less so. By the time they are produced and transported to the end user, most of the benefits are wiped out.
Electric cars overcome this disadvantage to some extent because they aren't tied to a particular type of fuel. Electric cars essentially use electrochemical cells to power electric motors. They are only dependent on the ...
Economic advantages of a specific alternative fuel vehicle with references.
The problem is assigned to give you the chance to apply the knowledge that you have acquired in statistics to our Global Society. The following data has been collected for you and you are going to look at the possible relationships and make some decisions that might impact your life based on the outcomes.
Use the following data in this project. The data represents the Total Number of alternative-Fueled Vehicles in use in the United States (source: US Department of Energy: http://tonto.eia.doe.gov/aer/)
a. Construct a scatter diagram of year (x) vs number of Alternative-fueled vehicles in US (y). Do these variables appear to have a relationship? Write 2 or 3 sentences describing the relationship or lack of a relationship. Explain your reasoning.
b. Find the correlation and regression lines for the data above.
c. Do the variables have significant correlation? For full credit, you must show each step of the hypothesis test. Use the 0.05 significance.
d. In 2008, the price of gas dropped drastically and hit a low average of $1.59 for the nation. What effect do you think this will have on the alternative-fuel car sales, if any? Do you think that this would affect the number of alternative-fueled vehicles used in the United States? Do you think that it would follow the same pattern as before 2008? Write 2 or 3 sentences explaining how you think the new vehicles will affect the number of alternative-fueled vehicles in the United States.
e. Use your regression equation to predict the number of alternative fueled vehicles used in the United States in 2010 assuming that the pattern remains the same after the introduction of the electric-gas vehicles. Show your work.