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The Relationship Between the Number of Games Won by an NHL

question 31

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The relationship between the number of games won by an NHL team and the average attendance at their home games is analyzed.A regression to predict the average attendance from the number of games won has an R2\mathrm { R } ^ { 2 } = 31.4%.The residuals plot indicated that a linear model is appropriate.What is the correlation between the average attendance and the number of games won.


Definitions:

Total Costs

The total of all costs associated with the creation of goods or services, encompassing both constant and fluctuating expenses.

Maximizing Profits

The process of adjusting inputs and outputs in production or service delivery to achieve the highest possible financial gain.

Revenue Per Bushel

The amount of money generated for each bushel of a commodity sold, commonly used in agriculture.

Profits

The financial gain obtained when revenues generated from business activities exceed the expenses, costs, and taxes involved in sustaining these activities.

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