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 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