A researcher analyzes the factors that may influence amusement park attendance. She estimates the following model: Attendance = β₀ + β₁Price + β₂Temperature + β₃Rides + ε, where Attendance is the daily attendance (in 1,000s), Price is the gate price (in $), Temperature is the average daily temperature (in °F), and Rides is the number of rides at the amusement park. A portion of the regression results is shown in the accompanying table. When testing whether the explanatory variables are jointly significant at the 5% significance level, the researcher ________. A) rejects H₀, and concludes that the explanatory variables are jointly significant B) does not reject H₀, and concludes that the explanatory variables are jointly significant C) rejects H₀, and cannot conclude that the explanatory variables are jointly significant D) does not reject H₀, and cannot conclude that the explanatory variables are jointly significant

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The Answer of A researcher analyzes the factors that may influence amusement park attendance. She estimates the following model: Attendance = β₀ + β₁Price + β₂Temperature + β₃Rides + ε, where Attendance is the daily attendance (in 1,000s), Price is the gate price (in $), Temperature is the average daily temperature (in °F), and Rides is the number of rides at the amusement park. A portion of the regression results is shown in the accompanying table. When testing whether the explanatory variables are jointly significant at the 5% significance level, the researcher ________. A) rejects H₀, and concludes that the explanatory variables are jointly significant B) does not reject H₀, and concludes that the explanatory variables are jointly significant C) rejects H₀, and cannot conclude that the explanatory variables are jointly significant D) does not reject H₀, and cannot conclude that the explanatory variables are jointly significant

A Researcher Analyzes the Factors That May Influence Amusement Park