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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 + 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. 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, 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 Rides is significant at the 1% significance level, she ________. A)  rejects H<sub>0</sub>: β<sub>3</sub> = 0, and concludes that Rides is significant B)  does not reject H<sub>0</sub>: β<sub>3</sub> = 0, and concludes that Rides is significant C)  rejects H<sub>0</sub>: β<sub>3</sub> = 0, and cannot conclude that Rides is significant D)  does not reject H<sub>0</sub>: β<sub>3</sub> = 0, and cannot conclude that Rides is significant When testing whether Rides is significant at the 1% significance level, she ________.


A) rejects H0: β3 = 0, and concludes that Rides is significant
B) does not reject H0: β3 = 0, and concludes that Rides is significant
C) rejects H0: β3 = 0, and cannot conclude that Rides is significant
D) does not reject H0: β3 = 0, and cannot conclude that Rides is significant

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