Question

3. The following is a regression output for estimated visitors to Raging Waters, a water amusement park. Coefficients Error t Stat P-value 45.61 1.99 -2.38 Intercept Temperature Ticket Price 84.998 2.391 0.4086 1.863 1.200 0.000 0.051 0.020 ANOVA MS 38.954 9.414 77.907 583.693 661.600 4.14 0.021 Residual Total 62 64 Write the regression equation. a. b. Conduct a global test of hypothesis (F-test) to see if any of the regression coefficients could be different from zero at the 5% significance level Conduct a test of hypothesis (t-test) for the individual coefficient, βι, on Temperature using the 5% significance level. c.

Answer 1

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