It Is Believed That Number of People Who Attend a Mardi

question 131

Multiple Choice

It is believed that number of people who attend a Mardi Gras parade each year depends on the temperature that day.A regression has been conducted on a sample of years where the temperature ranged from 28 to 64 degrees and the number of people attending ranged from 8400 to 14,600.The regression equation was found to be = 2378 + 191x.Which of the following is true?

• A)The average change in parade attendance is an additional 2378 people per one-degree increase in temperature.
• B)The average change in parade attendance is an additional 191 people per one-degree increase in temperature.
• C)If the temperature is 75 degrees,we can expect that 16,703 people will attend.
• D)If the temperature is 0 degrees this year,then we should expect 2378 people to attend.

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Definitions:

Outlay

The amount of money spent on a particular expense or investment.

Payback Period

The time it takes for an investment to generate an amount of income or cash equal to the cost of the investment.

Cash Inflows

Money or other forms of financial assets that come into a company, contributing to its total revenue.

Outlay

The total amount of money spent on a particular project or purchase.