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1. Water parks make money by charging admission fees, but they also earn revenue through different factors (e.g., number of visitors, food and beverages sale,

1. Water parks make money by charging admission fees, but they also earn revenue through different factors (e.g., number of visitors, food and beverages sale, number of hours working, etc.). Parks may also charge fees for using additional facilities or attractions. To identify the key variables (X) that impact the revenue (Y), a water park manager conducted a survey and collected a sample of 60 days of revenue. Refer to the Excel file, Problem Three data. Help this manager and conduct a full regression analysis, including: a. Determine the sample regression line and interpret the coefficients. b. Does the data allow us to infer that there is a linear relationship between the revenue (Y) and the independent variables (Xs)- Linear Test? c. What can you say about the validity of the multiple regression model- Validity Test? d. What does the value of standard error tell you? e. Interpret the coefficient of determination. f. With 95% confidence, what are the upper confidence level and lower confidence level of independent variables (Xs)? g. Develop five scatter plots for Y and Xs.

Revenue ($) Number of Visitors Food and Beverages Sale ($) Number of Hours Working Number of Available Equipments Tempreture (F)
297,648 301 63,836 8 13 89.6
304,870 305 69,232 10 13 89.6
310,752 271 63,244 10 12 89.6
312,612 317 60,476 10 12 91.4
319,928 305 63,937 8 12 91.4
323,100 289 72,977 7 15 91.4
326,172 302 63,455 9 12 91.4
336,544 265 64,141 7 12 91.4
344,435 334 63,975 7 14 93.2
346,228 230 74,842 8 13 93.2
348,936 273 74,552 10 12 93.2
353,804 271 61,273 10 13 93.2
357,552 318 66,449 8 15 93.2
359,123 293 74,317 8 12 93.2
362,316 306 62,475 8 13 93.2
365,472 368 70,143 8 12 95
366,464 356 71,303 7 13 95
366,540 347 67,534 9 16 96.8
366,781 269 61,362 8 14 95
370,348 298 64,143 9 12 95
372,104 346 61,275 8 13 95
372,255 376 61,949 8 16 95
374,690 271 68,331 7 14 96.8
375,248 360 73,778 10 14 96.8
378,000 362 70,458 8 16 96.8
378,560 388 71,335 9 13 96.8
379,585 446 74,396 8 12 96.8
380,250 407 63,162 8 15 95
380,555 315 68,975 10 17 96.8
386,120 396 71,234 10 15 100.4
387,068 380 63,599 9 15 98.6
388,080 477 73,561 10 17 98.6
389,424 417 73,958 9 20 98.6
392,049 428 65,356 8 20 98.6
397,417 488 68,260 10 16 100.4
400,060 357 66,850 10 14 100.4
400,320 479 60,240 7 19 100.4
404,888 493 70,085 10 20 100.4
408,386 465 74,073 9 16 100.4
408,600 371 72,548 7 14 100.4
412,296 340 64,644 8 14 98.6
412,800 551 60,654 7 14 100.4
417,600 450 78,519 9 20 107.6
419,496 636 89,516 9 16 100.4
424,600 419 85,436 8 16 100.4
431,041 489 92,885 8 17 98.6
432,960 649 94,590 9 20 102.2
435,689 606 94,776 9 16 102.2
436,345 497 77,604 9 16 102.2
438,040 412 74,600 10 18 102.2
448,630 698 86,823 9 14 102.2
450,288 445 78,416 7 20 104
454,445 654 86,155 10 19 104
460,299 615 93,791 8 17 104
463,540 454 76,524 7 16 104
463,913 540 87,386 8 18 104
470,448 418 83,986 9 20 105.8
477,543 493 87,082 10 17 105.8
483,626 427 74,640 9 15 98.6
492,513 442 79,549 7 21 107.6

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