A Researcher Analyzes the Factors That May Influence Amusement Park

question 63

Multiple Choice

A researcher analyzes the factors that may influence amusement park attendance and estimates the following model: Attendance = β₀ + β₁Price + β₂Rides + ε, where Attendance is the daily attendance (in 1,000s) , Price is the gate price (in $) , and Rides is the number of rides at the amusement park. The researcher would like to construct interval estimates for Attendance when Price and Rides equal $85 and 30, respectively. The researcher estimates a modified model where Attendance is the response variable and the explanatory variables are now defined as Price* = Price - 85 and Rides* = Rides - 30. A portion of the regression results is shown in the accompanying table. According to the modified model, which of the following is the predicted value for Attendance when Price and Rides equal $85 and 30, respectively?

• A) 25,670
• B) 34,410
• C) 40,910
• D) 55,600

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Definitions:

Pheromones

Chemical substances produced and released into the environment by an animal, affecting the behavior or physiology of others of its species.

Specialized Cells

Cells that have evolved distinct structures and functions for carrying out particular duties in an organism.

Specific Receptor

Specific Receptor refers to a protein molecule that receives and responds to a specific substance or signal, such as a neurotransmitter or hormone, by initiating a specific cellular response.

Pheromone

Chemical substances secreted by animals that influence the behavior or physiology of others of the same species, often related to reproductive signals.