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A Researcher Analyzes the Factors That May Influence Amusement Park

question 99

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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, where Attendance 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, where Attendance 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.   When testing whether Price is significant in explaining Attendance, the value of the test statistic is ________. A)  −4.085. B)  −1.201. C)  1.201. D)  4.085. When testing whether Price is significant in explaining Attendance, the value of the test statistic is ________.

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