A Researcher Analyzes the Factors That May Influence Amusement Park

question 79

Multiple Choice

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,whereAttendance 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. When testing whether Rides is significant at the 1% significance level,she ____________________________________________________________.

• A) rejects H₀:β₃ = 0,and concludes that Rides is significant
• B) does not reject H₀:β₃ = 0,and concludes that Rides is significant
• C) rejects H₀:β₃ = 0,and concludes that Rides is not significant
• D) does not reject H₀:β₃ = 0,and concludes that Rides is not significant

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Definitions:

Practicing

The act of repeatedly performing tasks or activities to improve skill and proficiency.

Unprepared

The state of not being ready or adequately equipped for a specific task or event.

Confidence

The feeling of self-assurance arising from an appreciation of one's own abilities or qualities.

Linear Formatting

A type of document organization where information is presented in a straight-line sequence from beginning to end.