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 + 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