Use a single Excel file with formulas within answer cells. Sow formulas for how to get the answerThe ticketing office at a professional sports venue has noticed that ticket sales fluctuate. The manager wants to introduce the demand-pricing strategy to maximize attendance and therefore revenue. Based on historical sales, the manager wonders if there is a connection between the winning percentage (in decimal form) of the team and attendance (seats).Attendance (seats)Winning Percentage (decimal form)78,0000.689,0000.6793,0000.759,0000.565,0000.5597,0000.986,0000.675,0000.5591,0000.861,0000.52additional variables.Opponent’s winning percentage (decimal form)Conference vs. Non-conference0.7Non-Conference0.5Conference0.4Conference0.9Non-Conference0.6Non-Conference0.5Conference0.6Conference0.6Conference0.8Non-Conference0.5Non-ConferenceDevelop a regression equation by adding a non-linear variable for winning percentage (decimal form) and add these additional variables. What is the regression equation only for those variables that are statistically significant?

In this problem, the manager of a professional sports venue wants to implement a demand-pricing…

Answered: Use a single Excel file with formulas…

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter4: Equations Of Linear Functions

Section4.5: Correlation And Causation

Problem 1CGP

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Use a single Excel file with formulas within answer cells. Sow formulas for how to get the answer

The ticketing office at a professional sports venue has noticed that ticket sales fluctuate. The manager wants to introduce the demand-pricing strategy to maximize attendance and therefore revenue. Based on historical sales, the manager wonders if there is a connection between the 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

additional variables.

Opponent’s winning percentage (decimal form)	Conference vs. Non-conference
0.7	Non-Conference
0.5	Conference
0.4	Conference
0.9	Non-Conference
0.6	Non-Conference
0.5	Conference
0.6	Conference
0.6	Conference
0.8	Non-Conference
0.5	Non-Conference

Develop a regression equation by adding a non-linear variable for winning percentage (decimal form) and add these additional variables. What is the regression equation only for those variables that are statistically significant?

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