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Author Question: Interpret the estimate b2. What will be an ideal response?[br][br][b][color=#151B54]Question ... (Read 107 times)

lilldybug07

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on: Jun 24, 2018
Interpret the estimate b2.
 
  What will be an ideal response?

Question 2

The probability is 85 that you average less than how many visits to the club per month over the course of next year?
 
  A) 12.75
  B) 11.50
  C) 12.50
  D) 11.75


Kedrick2014

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Reply #1 on: Jun 24, 2018
Answer to Question 1

For every one percent increase in the average local room rate, we would expect a 2.21 percent decrease in the occupancy rate, assuming that all the other variables are fixed.

Answer to Question 2

A


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