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MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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A regression of total revenue on ticket sales determined by a concert production company is given below. Complete parts a and b below.
Revenue -4,306+29.96. Ticket Sales
Click the icon to view a plot of the concert venue data.
a) Management is considering adding a stadium-style venue that would seat 10,000. What does this model predict that revenue would be if the new venue were to sell out?
Revenue = $(Type an integer or a decimal.)
iew an example
Scatterplot and regression equation
Revenue
A
160,000-
120,000
80,000-
40,000
0-
0
750
1500
Print
2250
Ticket Sales
Done
CEED
3000
- X
Clear all
Check"
Transcribed Image Text:K
A regression of total revenue on ticket sales determined by a concert production company is given below. Complete parts a and b below.
Revenue -4,306+29.96. Ticket Sales
Click the icon to view a plot of the concert venue data.
a) Management is considering adding a stadium-style venue that would seat 10,000. What does this model predict that revenue would be if the new venue were to sell out?
Revenue = $(Type an integer or a decimal.)
iew an example
Scatterplot and regression equation
Revenue
A
160,000-
120,000
80,000-
40,000
0-
0
750
1500
Print
2250
Ticket Sales
Done
CEED
3000
- X
Clear all
Check
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