A Researcher Analyzes the Factors That May Influence Amusement Park

question 28

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 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 concludes that neither of the explanatory variables,Temperature and Rides,is significant in explaining Attendance
• D) does not reject H₀,and concludes that neither of the explanatory variables,Temperature and Rides,is significant in explaining Attendance

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Definitions:

Multiple-case Studies

Research approach involving the detailed and in-depth examination of several cases within a real-world context to understand a broader issue.

Cross-case Studies

Comparative research designs that analyze multiple cases to identify patterns and understand variations across different contexts or settings.

Instrumental Case Study

An in-depth examination of a particular case, situation, or individual to gain insight into a broader issue or phenomenon.

Collective Case Study

A research approach that investigates multiple cases simultaneously or sequentially to generate broader insights.