A Researcher Analyzes the Factors That May Influence Amusement Park

question 124

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. When testing whether the explanatory variables Temperature and Rides are jointly significant, the p-value associated with the test is 0.0000. At the 1% significance level, the researcher ________.

• A) rejects H₀, and concludes that at least one of the explanatory variables, Temperature and Rides, is significant in explaining Attendance
• B) does not reject H₀, and concludes that at least one of the explanatory variables, Temperature and Rides, is significant in explaining Attendance
• C) rejects H₀, and cannot conclude that at least one of the explanatory variables, Temperature and Rides, is significant in explaining Attendance
• D) does not reject H₀, and cannot conclude at least one of the explanatory variables, Temperature and Rides, is significant in explaining Attendance

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Definitions:

Sandwich

A food item consisting of one or more types of food, such as meat, cheese, or vegetables, placed between slices of bread.

Atherosclerosis

Condition in which arteries stiffen, and the walls accumulate cholesterol and fat plaques, which reduce blood flow; a cause of heart disease.

Heart Disease

A range of conditions that affect the heart, including coronary artery disease, heart rhythm problems, and congenital heart defects.

Hostility

The expression of unfriendliness or opposition, often characterized by anger, aggression, or resentment towards others.