Use the regression equation below to answer the following questions. Ticket sales per hour = -631.25 +11.25(current

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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?

Related Book For answer-question

Managerial economics

ISBN: 978-1118041581

7th edition

Authors: william f. samuelson stephen g. marks

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Posted Date: Mar 26, 2024 08:51 AM

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Use the regression equation below to answer the following questions. Ticket sales per hour = -631.25 +11.25(current

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Managerial economics

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