In 2016, 13.27 million people attended a Broadway show, paying an average of more than $100 per

Question:

In 2016, 13.27 million people attended a Broadway show, paying an average of more than $100 per ticket. We?d like to understand this $1.4 billion business better. The Broadway League, Inc. (www .broadwayleague.com/research/statistics-broadway-nyc/), provides some historical and current data. The following variables are available for each year since the 1984?1985 season:

Season (The initial year of the season, so the 1984?1985 season is 1984.)Gross ($M)

Attendance (M) Note: Before 2009 this is Paid Attendance.

Beginning 2009 it is Attendance.)

Playing weeks (Total weeks during each show performed, summed over all shows; the best measure of

Broadway?s overall activity.)

Here are some plots and background information.

image

image

a) Name and check (to the extent possible) the regression assumptions.

b) If we found a regression of Gross receipts on New Productions, what would the R2 of that regression be?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Business Statistics

ISBN: 9780134705217

4th Edition

Authors: Norean Sharpe, Richard Veaux, Paul Velleman

Question Posted: