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A Researcher Analyzes the Factors That May Influence Amusement Park

Question 78

Multiple Choice

A researcher analyzes the factors that may influence amusement park attendance.She estimates the following model: Attendance = β0 + β1 Price + β2 Temperature + β3 Rides + ε,whereAttendance is the daily attendance (in 1,000s) ,Price is the gate price (in $) ,Temperature is the average daily temperature (in oF) ,and Rides is the number of rides at the amusement park.A portion of the regression results is shown in the accompanying table. A researcher analyzes the factors that may influence amusement park attendance.She estimates the following model: Attendance = β<sub>0</sub> + β<sub>1</sub> Price + β<sub>2</sub> Temperature + β<sub>3</sub> Rides + ε,whereAttendance is the daily attendance (in 1,000s) ,Price is the gate price (in $) ,Temperature is the average daily temperature (in <sup>o</sup>F) ,and Rides is the number of rides at the amusement park.A portion of the regression results is shown in the accompanying table.   Which of the following is the value of the test statistic for testing the joint significance of the linear regression model? A)  −4.09 B)  0.04 C)  9.95 D)  99.78 Which of the following is the value of the test statistic for testing the joint significance of the linear regression model?


A) −4.09
B) 0.04
C) 9.95
D) 99.78

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