Use a single excel file with formulas within answer cells. Show formulas on exce file in the cells The ticketing office at a professional sports venue has noticed that ticket sales seem to fluctuate. The manager wants to introduce the strategy of demand-pricing in order to maximize attendance and therefor revenue. Based on historical sales, manager wonders if there is a connection between winning percentage (in decimal form) of the team and attendance (seats). Attendance (seats) Winning Percentage (decimal form) 78,000 0.6 89,000 0.67 93,000 0.7 59,000 0.5 65,000 0.55 97,000 0.9 86,000 0.6 75,000 0.55 91,000 0.8 61,000 0.52 Run a regression analysis. What is the regression equation? Is the model statistically significant at the 0.05 level?
Use a single excel file with formulas within answer cells. Show formulas on exce file in the cells The ticketing office at a professional sports venue has noticed that ticket sales seem to fluctuate. The manager wants to introduce the strategy of demand-pricing in order to maximize attendance and therefor revenue. Based on historical sales, manager wonders if there is a connection between winning percentage (in decimal form) of the team and attendance (seats). Attendance (seats) Winning Percentage (decimal form) 78,000 0.6 89,000 0.67 93,000 0.7 59,000 0.5 65,000 0.55 97,000 0.9 86,000 0.6 75,000 0.55 91,000 0.8 61,000 0.52 Run a regression analysis. What is the regression equation? Is the model statistically significant at the 0.05 level?
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter3: Functions And Graphs
Section3.5: Graphs Of Functions
Problem 81E
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Use a single excel file with formulas within answer cells. Show formulas on exce file in the cells
- The ticketing office at a professional sports venue has noticed that ticket sales seem to fluctuate. The manager wants to introduce the strategy of demand-pricing in order to maximize attendance and therefor revenue. Based on historical sales, manager wonders if there is a connection between winning percentage (in decimal form) of the team and attendance (seats).
|
Attendance (seats) |
Winning Percentage (decimal form) |
|
78,000 |
0.6 |
|
89,000 |
0.67 |
|
93,000 |
0.7 |
|
59,000 |
0.5 |
|
65,000 |
0.55 |
|
97,000 |
0.9 |
|
86,000 |
0.6 |
|
75,000 |
0.55 |
|
91,000 |
0.8 |
|
61,000 |
0.52 |
- Run a
regression analysis . What is the regression equation? - Is the model statistically significant at the 0.05 level?
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