Answered step by step
Verified Expert Solution
Question
1 Approved Answer
question 9 goes with the picture below Look at the coefficient for Number. This column represnts the total number of motel and hotel rooms within
question 9 goes with the picture below
Look at the coefficient for "Number. This column represnts the total number of motel and hotel rooms within 3 miles of the inn. For each additional motel/hotel room within 3 miles of the location, what is the expected change in the marin, holding all other variables constant? BANA Enterprises has decided to invest in Hotels, instead of Airbnb properties. Your manager. Mitch H. provides you with a dataset of the margin for a national hotel chain. The data incudes the following attribues (aka x variables Variable Number Nearest Office Space College enrollment Income Distance Definition Number of hotel/motel rooms within 3 miles of the site Distance to the nearest La Quinta inn Volume of office space in surrounding community in 1000 sq/it Number of College and university student in the community Median household income Distance to downtown in miles Measure of Competition Market Awareness Customers Customers Community Physical Model parameters (Margin) Source Intercept Number Nearest Office Space Enrolment Income Distance Coefficient Standard error 38.1386 6.9929 -0.0076 0.0013 1 6462 06320 0.0198 0.0034 0.2118 0.1334 0.4131 0 1396 -02253 0.1787 + Pr> Lower bound (95%) Upper bound (95%) 5.4539 Lower bound (95%) Upper bound (95%) 5.4539 Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started