Question
A local state university athletic department wants to develop its budget for the coming year, using a forecast for football attendance. Football attendance accounts for
A local state university athletic department wants to develop its budget for the coming year, using a forecast for football attendance. Football attendance accounts for the largest portion of its revenues, and the athletic director believes attendance is directly related to the number of wins by the team. The business manager has accumulated total annual attendance figures for the past 8 years:
Attendance Wins Advertising
36,300 4 $29,500
40,100 6 $55,700
41,200 6 $71,300
53,000 8 $87,000
44,000 6 $75,000
45,600 7 $72,000
39,000 5 $55,300
47,500 7 $81,600
a.What is the partial r2y2.1?Interpret your result.
b.Provide your spreadsheet results.Interpret your results.What would you advise the business manager?
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