A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
10th Edition
ISBN: 9780134753119
Author: Sheldon Ross
Publisher: PEARSON
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2.1 Sales personnel want to further develop the model to include other variables.

Merchandise Sales ($10,000s)

Tickets Sold (1000s)

Win or Loss (W or L)

Event includes fan giveaway (Y or N)

15

54

W

N

17

67

L

Y

10

53

L

Y

9

49

W

Y

16

59

W

N

14

58

L

Y

12

56

W

N

19

63

W

Y

18

65

L

Y

17

61

L

Y

  1. Should you keep either or both of the variables in the model and why? 
  2. What is the regression equation (only include variables that should be in the model)? 
  3. What is the merchandise sales forecast for 58,000 tickets sold at a winning event that does not include a fan giveaway? 
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