subject
Mathematics, 18.12.2019 02:31 Molly05

On a typical night in a large city, about 25,000 people attend a theatrical event, paying an average cost of over

$100100

per ticket. the results of a multiple regression of weekly data for the receipts in millions of dollars, the paid attendance inthousands, the number of shows, and the average ticket price are found below. use the results of the multiple regression to complete parts a through d.



click the icon to view the results of the multiple regression.

a) write the regression model.

modifyingabove receipts with caretreceiptsequals=nothingplus+not hingattendanceplus+nothing#

showsplus+nothingprice

(type integers or decimals rounded to two decimal places asneeded.)

b) what does the coefficient of attendance mean in the context of this regression model?

a.

since the value of the coefficient of attendance is high, it is the main factor in determining the receipts for a given week and the other variables can be ignored.

b.

compared to a week with a similar number of shows and average ticket price, an increase in attendance is associated with an increase in receipts proportional to the coefficient of attendance.

c.

independent of how many shows are playing or what the value of the average ticket price is, an increase in attendance is associated with an increase in receipts proportional to the coefficient of attendance.

d.

since the value of the coefficient of attendance is low, it does not have much impact on the receipts for a given week and is not a valuable predictor.

c) is this model likely to produce good predictions? why do you think that?

a.

yes, because the low

r2

value indicates that the model accounts for almost all of the variation in the receipts.

b.

no, because the low

r2

value indicates that the model accounts for little of the variation in the receipts.

c.

no, because the high

r2

value indicates that the model accounts for little of the variation in the receipts.

d.

yes, because the high

r2

value indicates that the model accounts for almost all of the variation in the receipts.

ansver
Answers: 1

Other questions on the subject: Mathematics

image
Mathematics, 20.06.2019 18:04, catzdatbloadd
The gades foundation and hbm corporation are eager to donate generously to their favorite charities. the gades foundation donated $250 in the first month, and each month afterward their cumulative donation total increases by 100$ the hbm corporation donated $64, in the first month, and each month afterward their cumulative donation total increases by 75%. in which month will the hbm corporation's cumulative donation total first exceed the gades foundations' cumulative donation total?
Answers: 1
image
Mathematics, 21.06.2019 15:00, DroctorWellsfan
What is the slope simplify your answer and write it as a proper fraction, improper fraction, or integer
Answers: 1
image
Mathematics, 21.06.2019 17:30, tnassan5715
What is the shape of the height and weight distribution
Answers: 2
image
Mathematics, 21.06.2019 18:30, ldldunker
[10 points, algebra 2-simplifying complex fractions]according to my answer key the restrictions are -1 and 4. but why not positive 1?
Answers: 1
You know the right answer?
On a typical night in a large city, about 25,000 people attend a theatrical event, paying an average...

Questions in other subjects:

Konu
Mathematics, 16.07.2019 16:40