La Cabaña, a Popular Motel Chain in the Southwest, Is

question 83

Essay

La Cabaña, a popular motel chain in the southwest, is interested in developing a regression model that can predict the occupancy rate (%) of its motels. Currently, the company is interested in using two explanatory variables to predict occupancy. They want to use the amount of advertising (in $) used by each motel and if the particular location a franchised location. Some regression information is presented below:
-(A) Use the information above to estimate the linear regression model.
(B) Interpret each of the estimated regression coefficients of the regression model in (A).
(C) Would any of the variables in this model be considered a dummy variable? Explain your answer.
(D) Identify and interpret the coefficient of determination ( ) and the standard error of the estimate (s_e) for the model in (A).

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Definitions:

Bulimia

An eating disorder characterized by binges on large quantities of food, followed by purges of the food through vomiting or the use of laxatives.

Eating Disorder

A mental disorder characterized by abnormal or disturbed eating habits, which can severely impact one's health and emotional well-being.

Purging

The act of removing or getting rid of something unwanted, can refer to physical, emotional, or digital contexts; also associated with eating disorders.

Heart Failure

A chronic condition where the heart is unable to pump blood effectively enough to meet the body's needs, leading to a variety of symptoms and health issues.