Question
Use the regression equation below to answer the following questions. Ticket sales per hour = -631.25 +11.25(current temperature in degrees F ) a) What is
Use the regression equation below to answer the following questions.
Ticket sales per hour = -631.25 +11.25(current temperature in degreesF)
a) What is the predicted number of tickets sold per hour if the temperature is 86F? Round to the nearest whole ticket.
b) State the meaning of the slope in this context.
c)In this context, does the intercept have a reasonable interpretation?
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Managerial economics
Authors: william f. samuelson stephen g. marks
7th edition
9781118214183, 1118041585, 1118214188, 978-1118041581
