A minor league baseball team is interested in knowing if temperature at 6:00 p.m. affects attendance...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
A minor league baseball team is interested in knowing if temperature at 6:00 p.m. affects attendance at their games. The following random sample was collected where x= temperature at 6:00p.m. (in degrees Fahrenheit) and y attendance rounded to hundreds on six randomly selected evenings. * (temperature, °F) y (attendance in hundreds-rounded) Ex = 369, Σy = 81, Σχ = 23275, Ey² = 1189, Exy=5189 a) See attached scatter diagram; from the scatter diagram do you expect there to be positive, negative or no correlation between the variables temperature and attendance? Explain your answer. 61 70 50 65 48 75 10 16 12 15 8 20 For the following calculations, show your work using formulas provided and using the sums provided: b) calculate and y c) calculate the sample correlation coefficient (r). d) Calculate the slope of the line (b) e) Calculate the y-intercept (a). f) Determine the regression equation. g) Solve your regression equation for the lowest and highest values in your sample data and plot on graph. Show your work finding the answers for the values: Using your predictions draw the least squares line on your scatter diagram. h) Using the regression equation, predict the attendance at a night game in May for a temperature of 60°F (make sure you consider in hundreds). A minor league baseball team is interested in knowing if temperature at 6:00 p.m. affects attendance at their games. The following random sample was collected where x= temperature at 6:00p.m. (in degrees Fahrenheit) and y attendance rounded to hundreds on six randomly selected evenings. * (temperature, °F) y (attendance in hundreds-rounded) Ex = 369, Σy = 81, Σχ = 23275, Ey² = 1189, Exy=5189 a) See attached scatter diagram; from the scatter diagram do you expect there to be positive, negative or no correlation between the variables temperature and attendance? Explain your answer. 61 70 50 65 48 75 10 16 12 15 8 20 For the following calculations, show your work using formulas provided and using the sums provided: b) calculate and y c) calculate the sample correlation coefficient (r). d) Calculate the slope of the line (b) e) Calculate the y-intercept (a). f) Determine the regression equation. g) Solve your regression equation for the lowest and highest values in your sample data and plot on graph. Show your work finding the answers for the values: Using your predictions draw the least squares line on your scatter diagram. h) Using the regression equation, predict the attendance at a night game in May for a temperature of 60°F (make sure you consider in hundreds).
Expert Answer:
Related Book For
Financial Accounting The Impact On Decision Makers
ISBN: 9781305793194
10th Edition
Authors: Gary A. Porter, Curtis L. Norton
Posted Date:
Students also viewed these economics questions
-
The following table gives the temperatures (in degrees Fahrenheit) at 6 PM and the attendance (rounded to hundreds) at a minor league baseball teams night games on 7 randomly selected evenings in...
-
A minor league baseball team is trying to predict ticket sales for the upcoming season and is considering changing ticket prices. a. The elasticity of ticket sales with respect to the size of the...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
Our model of pollution in this chapter assumed that emissions are a pure private bad, and that people have no ability to protect themselves from the adverse consequences of exposure. In reality,...
-
Somerville Corp. purchases office supplies once a month and prepares monthly financial statements. The asset account Office Supplies on Hand has a balance of $1,450 on May 1. Purchases of supplies...
-
The irreversible gas-phase reaction Acat B is carried out adiabatically over a packed bed of solid catalyst particles. The reaction is first order in the concentration of A on the catalyst surface...
-
What do you like best about working at this company?
-
The Cabin Creek Coal (CCC) Company operates three mines in Kentucky and West Virginia, and it supplies coal to four utility power plants along the East Coast. The cost of shipping coal from each mine...
-
1. Consider 3 a. Draw a tape diagram that represents 3. I b. Use the tape diagram from part (a) to evaluate 3+
-
Here we consider a random variable G whose probability density function (PDF) depends on a parameter, call it H. We start by modeling this problem under the assumption that H is random with a given...
-
1. Answer the following questions using the diagram below. T 6 8 O Name the angle that is vertically opposite 27. O Determine the angle that corresponds to 22. Which angle is an alternate interior...
-
Which leadership approach is most consistent with an organizational culture that values the full utilization of all diverse talents of all the organizations human resources? (a) Managing diversity...
-
A sexual harassment policy is an example of__________ plans used by organizations. (a) long-term (b) single-use (c) standing-use (d) operational
-
The presence or absence of a felt need for change is a key issue in the_________ phase of the planned change process. (a) improvising (b) evaluating (c) unfreezing (d) refreezing
-
Olivia is being audited by the IRS. The revenue agent determines that certain expenses that were deducted on her return are not valid, and he accordingly makes adjustments to her tax liability. Upon...
-
The two questions asked by Porter to identify competitive strategies for a business or product line are: 1What is the market scope? 2What is the ____________? (a) market share (b) source of...
-
34.259 D-30.0mL 1.3g/mL 5. If the density of propylene glycol (antifreeze) is 1.04 g/mL, what is the volume in mL of 4.92 lbs of antifreeze? (1 lb = 454 grams)
-
According to a recent survey, 40% of millennials (those born in the 1980s or 1990s) view themselves more as spenders than savers. The survey also reveals that 75% of millennials view social...
-
For the year ended September 27, 2014, Apple, Inc., reported net income of $39,510 million. Total shareholders' equity on this date was $111,547 million, and on September 28, 2013, it was $123,549...
-
Lenox Corp. sold merchandise for $5,000 to M. Baxter on May 15, 2016, with payment due in 30 days. Subsequent to this, Baxter experienced cash-flow problems and was unable to pay its debt. On August...
-
The financial statements included in the 2014 Form 10-K of Nike reported the following amounts (in millions of dollars): Revenues, for the year ended May 31, 2014 ................... $27,799 Accounts...
-
Name and briefly explain the three key components of a modern financial system.
-
What are non-banking financial intermediaries? List the different types and briefly explain their role in connecting savers with borrowers in the financial system.
-
Briefly explain the process of asset securitization in the financial system.
Study smarter with the SolutionInn App