A Researcher Analyzes the Factors That May Influence Amusement Park

question 119

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 a 95% prediction interval for Attendance when Price and Rides equal $85 and 30, respectively? (Note that t_0.025,27 = 2.052.)

• A) [12,740, 56,080]
• B) [16,330, 53,450]
• C) [26,080, 42,740]
• D) [28,900, 41,500]

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Definitions:

Appropriate Behavior

This describes actions that are considered acceptable or proper in a given context, often aligned with societal or organizational norms and expectations.

Ignoring

A behavioral strategy where no attention or reinforcement is given to a certain behavior, with the aim of reducing or eliminating it.

Inappropriate Behavior

Actions or conduct that are not suitable or acceptable in a given context or situation, often violating social norms or expectations.

Generalized Conditioned Reinforcer

A specific type of conditioned reinforcer. Generalized conditioned reinforcers can be exchanged for a virtually limitless amount of items and activities. Money is the prototypic example.