NO.57 A group of season ticket holders wants to forecast what the total attendan
ID: 3068057 • Letter: N
Question
NO.57 A group of season ticket holders wants to forecast what the total attendance at National Football League (NFL) games will be next season. A study by the US Census Bureau predicts that the total US population next year will be 310.738 million and the percent change in disposable income per capita will be 1.0% SUMMARY OUTPUT ndent Variable: NFLAttendance (000's ression Stotistics Multiple R R Square Adjusted R Square Standard Error Observations 0.9523 0.9068 0.8964 419.38 21 ANOVA MS Significance F 0.0000 Regression Residual Total 2.00 30,798,935.77 15,399,467.89 87.56 18.00 3,165,792.00 175,877.33 20.00 33,964,727.77 Coefficients Standard Error t Stat P-value Lower 95% Uper 95% Intercept US Population (in 000's) % Change in Dis 5,244.69 0.07 18,221.61 1,699.18 0.01 6,647.32 3.09 0.0064 13.04 0.0000 2.74 0.0134 8,814.53 0.06 1,674.84 0.08 4,256.10 32,187.11 Income(pe Capita Based on the regression output below, which of the following figures is the MOST accurate prediction for total NFL attendance next season? A. 4.9 Million B. 13.0 Million C. 17.1 Million D. 27.6 MillionExplanation / Answer
most accurate prediction for total NFL attendance
=(-5244.49+0.07*310.738+18221.61*1)*103 million =13.0 Million
option B is correct
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