Use the Following Information to Answer the Question $= - 631.25 + 11.25 \left( \right.$

question 38

Multiple Choice

Use the following information to answer the question. The following linear regression model can be used to predict ticketsales at a popular water park.

Ticket sales per hour $= - 631.25 + 11.25 \left( \right.$ current temperature in ${ } ^ { \circ } \mathrm { F }$ )


-In this context, does the intercept have a reasonable interpretation?

• A) Not enough information available
• B) No, at a temperature of \(0 ^ { \circ } \mathrm { F }\), ticket sales would be \(- 631.25\) and it is not reasonable (or possible) to have negative ticket sales.
• C) Yes, it is reasonable for people to go to a water park when it is \(0 ^ { \circ } \mathrm { F }\), so park managers might want to know how many tickets they would sell on average on a \(0 ^ { \circ } \mathrm { F }\) day.

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Definitions:

Radiation

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Inventory turnover is a ratio indicating how many times a company has sold and replaced inventory over a certain period, helping to measure the efficiency of inventory management.

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Balance Sheet

A financial statement that provides a snapshot of a company's financial condition at a specific time, showing assets, liabilities, and shareholder equity.