Multiple Choice
A researcher analyzes the factors that may influence amusement park attendance and estimates the following model: Attendance = β0 + β1 Price + β2 Rides + ε,where Attendance is the daily attendance (in 1,000s) ,Price is the gate price (in $) ,and Rides is the number of rides at the amusement park.The researcher would like to construct interval estimates for Attendance when Price and Rides equal $85 and 30,respectively.The researcher estimates a modified model where Attendance is the response variable and the explanatory variables are now defined as Price* = Price - 85 and Rides* = Rides - 30.A portion of the regression results is shown in the accompanying table. ![A researcher analyzes the factors that may influence amusement park attendance and estimates the following model: Attendance = β<sub>0</sub> + β<sub>1</sub> Price + β<sub>2</sub> Rides + ε,where Attendance is the daily attendance (in 1,000s) ,Price is the gate price (in $) ,and Rides is the number of rides at the amusement park.The researcher would like to construct interval estimates for Attendance when Price and Rides equal $85 and 30,respectively.The researcher estimates a modified model where Attendance is the response variable and the explanatory variables are now defined as Price* = Price - 85 and Rides* = Rides - 30.A portion of the regression results is shown in the accompanying table. According to the modified model,which of the following is a 95% prediction interval for Attendance when Price and Rides equal $85 and 30,respectively? (Note that t<sub>0.025,27</sub> = 2.052. ) A) [12,740,56,080] B) [16,330,53,450] C) [26,080,42,740] D) [28,900,41,500]](https://d2lvgg3v3hfg70.cloudfront.net/TB4266/11eab0ce_30a2_d249_a083_b54309be3886_TB4266_00.jpg)
![A researcher analyzes the factors that may influence amusement park attendance and estimates the following model: Attendance = β<sub>0</sub> + β<sub>1</sub> Price + β<sub>2</sub> Rides + ε,where Attendance is the daily attendance (in 1,000s) ,Price is the gate price (in $) ,and Rides is the number of rides at the amusement park.The researcher would like to construct interval estimates for Attendance when Price and Rides equal $85 and 30,respectively.The researcher estimates a modified model where Attendance is the response variable and the explanatory variables are now defined as Price* = Price - 85 and Rides* = Rides - 30.A portion of the regression results is shown in the accompanying table. According to the modified model,which of the following is a 95% prediction interval for Attendance when Price and Rides equal $85 and 30,respectively? (Note that t<sub>0.025,27</sub> = 2.052. ) A) [12,740,56,080] B) [16,330,53,450] C) [26,080,42,740] D) [28,900,41,500]](https://d2lvgg3v3hfg70.cloudfront.net/TB4266/11eab0ce_30a2_d24a_a083_c7e71d974b8d_TB4266_00.jpg)
According to the modified model,which of the following is a 95% prediction interval for Attendance when Price and Rides equal $85 and 30,respectively? (Note that t0.025,27 = 2.052. )
A) [12,740,56,080]
B) [16,330,53,450]
C) [26,080,42,740]
D) [28,900,41,500]
Correct Answer:
Verified
Correct Answer:
Verified
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