The Wall Street Journal asked Concur Technologies, Inc., an expense-management company, to examine data from 8.3 million

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The Wall Street Journal asked Concur Technologies, Inc., an expense-management company, to examine data from 8.3 million expense reports to provide insights regarding business travel expenses. Their analysis of the data showed that New York was the most expensive city. The following table shows the average daily hotel room rate (x) and the average amount spent on entertainment (y) for a random sample of 9 of the 25 most visited U.S. cities. These data lead to the estimated regression equation yˆ = 17.49 + 1.0334x. For these data, SSE = 1541.4. 

Room Rate Entertainment City ($) ($) Boston 148 161 Denver 96 105 Nashville New Orleans 91 101 110 142 100 120 167 Phoenix 90 San Diego San Francisco 102 136 San Jose 90 140 Tampa 82 98


Predict the amount spent on entertainment for a particular city that has a daily room rate of $89.

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Statistics For Business & Economics

ISBN: 9781337901062

14th Edition

Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran

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