A regression of Total Revenue on Ticket Sales by the concert production company of Exercises 2 and
Question:
Revenue = -14,228 + 36.87 TicketSales.
a) Management is considering adding a stadium-style venue that would seat 10,000. What does this model predict that revenue would be if the new venue were to sell out?
b) Why would it be unwise to assume that this model accurately predicts revenue for this situation?
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a Revenue 14228 3687 TicketSales Revenue 14228 3687 10000 Revenue ...View the full answer
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Related Book For 
Stats Data and Models
ISBN: 978-0321986498
4th edition
Authors: Richard D. De Veaux, Paul D. Velleman, David E. Bock
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