A regressions of Total Revenue on Ticket Sales by the concert production company of exercises 2 and

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A regressions of Total Revenue on Ticket Sales by the concert production company of exercises 2 and 4 finds the model

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?

b) Why would it be a poor business decision to assume that this model accurately predicts revenue for this situation?

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Business Statistics

ISBN: 9780321716095

2nd Edition

Authors: Norean D. Sharpe, Paul F. Velleman, David Bock, Norean Radke Sharpe

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Question Posted: Sep 19, 2024 02:28 PM

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A regressions of Total Revenue on Ticket Sales by the concert production company of exercises 2 and

Question:

Revenue -14,228 + 36.87 TicketSales =

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Business Statistics

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