A Researcher Analyzes the Factors That May Influence Amusement Park

Multiple Choice

A researcher analyzes the factors that may influence amusement park attendance. She estimates the following model: Attendance = β₀ + β₁Price + β₂Temperature + β₃Rides + ε, where Attendance is the daily attendance (in 1,000s) , Price is the gate price (in $) , Temperature is the average daily temperature (in °F) , 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 are jointly significant at the 5% significance level, the researcher ________.

A) rejects H₀, and concludes that the explanatory variables are jointly significant
B) does not reject H₀, and concludes that the explanatory variables are jointly significant
C) rejects H₀, and cannot conclude that the explanatory variables are jointly significant
D) does not reject H₀, and cannot conclude that the explanatory variables are jointly significant