Question

In: Statistics and Probability

Caretakers, a local nonprofit organization, operates the concession stands for the Newland Baseball Park, home of...

  1. Caretakers, a local nonprofit organization, operates the concession stands for the Newland Baseball Park, home of the Newland Nuggets (a minor league baseball team). Doing so permits Caretakers to raise funds to operate its soup kitchen. Caretakers is concerned with waste in the concessions area. Too many precooked hot dogs are left over after a game. Heinz Canine, Caretakers’ research analyst, feels that hot dog consumption (and other concession sales) can be predicted by the number of advance sale tickets purchased for a game (attendance is usually twice advance sales). Heinz gathers the accompanying data for a sample of 10 days. Run the regression for Heinz and tell him whether his hypothesis is correct. Predict how many hot dogs will be sold if 1,000 advance tickets are sold.

Advance Sales Hot Dog Sales

Advance Sales Hot Dog Sales

247

503

317

691

1,247

2,638

784

1,347

247

602

1,106

2,493

1,749

3,502

875

2,100

963

1,947

415

927

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Expert Solution

Caretaker, local non profit organisation, operates the concession stands for the Newland Baseball Park, home of the Newland Nuggets (a minor league baseball team) . Doing so permits Caretakers to raise fund to operateits soup kitchen. Caretakers is concerned with waste in the concession area. Too many precooked hot dogs are left over after a game. Heinz Canine, Caretakers' research analyst, feels that hot dog consumption (and other concession sales) can be predicated by the number of advance sale....

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orchestra answered 2 years ago
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