For many countries tourism is an important source of revenue. Data are collected
ID: 1233338 • Letter: F
Question
For many countries tourism is an important source of revenue. Data are collected on the number of foreign visitors to acountry (in millions) and total tourism revenue (in billions of dollars) for a sample of 10 countries. Below is the regression
analysis output with tourism revenue as the dependent variable.
Regression Analysis: Tourism ($ bill) versus Visitors (mill)
The regression equation is
Tourism ($ bill) = 21.5 + 0.295 Visitors (mill)
Predictor Coef SE Coef T P
Constant 21.464 3.462
Visitors (mill) 0.29497 0.07917
S = 2.58307 R-Sq = 63.4%
1.)
The P-value associated with this statistic is 0.006. At the 0.05 level of significance
I. we reject the null hypothesis.
II. we do not reject the null hypothesis.
III. we conclude that the number of foreign visitors is significant in explaining tourism revenue.
A)I only B)I and III C)II only D)III only E)II and III
Explanation / Answer
The P value of .006 is smaller than the level of significance .05 so the answer is A) I only.
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