Cash-back offer from May 20th to 25th, 2024: Get a flat 10% cash-back credited to your account for a minimum transaction of $50.Post Your Questions Today!

Question DetailsNormal
$ 62.00

QNT. 5040 Predicting Total Attendance at the Prescott Maple's Home Games | Solution

Question posted by
Online Tutor Profile
request

Predicting Total Attendance at the Prescott Maple's Home Games
An Extra Credit Opportunity
Maximum points: 10
QNT. 5040, Summer 2015

Your professor makes available to you one extra credit opportunity to possibly raise your total points in this class.  This extra credit is a multiple regression that is similar to the one you completed for your mini report.  Follow the directions below and determine what variables contribute to projecting the attendance at the Prescott Maples home games.

The Back Story

    Bud Ford, the general manager and owner of the double A farm team, the Prescott Maples, has been talking to his staff about a better way of predicting attendance at the Maple’s home games.  Playing at ACE Stadium in west Prescott, the team averages about 2,000 people in attendance for each home game.  The team sells season tickets, day of game tickets and gives away some tickets to sponsors, nonprofit organizations serving children, and for other good causes.

    So while the team may sell over the average number of seats, this does not translate into people actually attending a game.  Bud said, “I just don’t understand it!  They pay for a seat then don’t come.  It makes no sense to me.”  So his stadium manager and concession manager have been trying to figure out how they could better predict the attendance at five (5) typical Maple games.  

    The concession manager, Ralph Peanut, believes that part of this prediction could be the estimated number of hot dogs that would be sold at the game.  Bud and the stadium manager aren’t sure, but are willing to put this theory to the test.  That’s where you come into the picture.  Your job is to investigate the historical data prepared by Bud, and then using that data create a multiple regression that helps to predict the attendance at these five typical games.

     Table 1.  Estimated number of Attendance at Five Typical Maple’s Games
Game    Attendance    Regular Ticket Sales    Advanced Ticket Sales    Estimated Hot Dogs to be Sold
a        645    231    539
b        743    320    852
c        1,745    134    396
d        1,854    871    783
e        1,745    765    1,239


Your Tasks

1.    Complete a one variable summary for all 20 games over the four variables: 1) attendance; 2) regular ticket sales; 3) advanced ticket sales; and 4) Hot dogs sold at the game.
a.    What do these statistics tell you about the group of games?  Be specific and look at the range, standard deviation, the IQR, the mean versus the median and other statistics from this output.
2.    Complete a correlation on the data (StatTools: Summary Statistics/Correlation and Covariance/Correlation/Entries below the diagonal only).  What does this correlation show you about the data, which variables are correlated with attendance the most and the least?  What do you think the regression will show about these variables?
3.    Complete a single histogram on all four of these variables and analyze the results.
a.    What do these histograms tell you about the relationship for each of these variables?
4.    Complete 4 Q-Q plots for these variables.
a.    What do these plots tell you about the data?  Is it relatively normal or not and why?
5.    Complete a single box and whisker plot with all four of the variables on it.
a.    First explain in the paper what a box and whisker plot is, and how to understand it.
b.    What do these box and whisker plots tell you about the individual variables and how do they compare to each other?
6.    Complete a multiple regression using the attendance as the dependent variable, and the rest as the independent variables.
a.    Do any of the variables t-score (p-value) exceed the alpha (.05) for this test?  If so, remove that/those variables and rerun the regression.
b.    What does the r-squared value tell you about this data?
c.    What does the standard error of the estimate tell you about the data?
d.    According to the f-ratio, is this regression significant or not and why?
e.    Using the coefficients generate predict the attendance for the five “typical” games found in Table 1 above.  (You are to complete the column found on the right in yellow and include this table in your mini report.)  Remember to only use the variables that are significant to calculate this table.
7.    What general things can you tell Bud Ford about projected attendance at these games?  Does knowing the number of hot dogs that could be sold help or hurt the estimated attendance theory?  Be specific in your answer.

Remember to develop your mini report as shown in the chats for this assignment.  All work is to be 1 & ½ spaces, ¾ inch margins, with all tables, graphs and figures having a number and a title and explain them in the report.  Include an embedded Excel file showing your work, but note this file will not be graded and is only used to demonstrate that you did the actual work for this case study.

# # #

 

Available Answer
$ 62.00

[Solved] QNT. 5040 Predicting Total Attendance at the Prescott Maple's Home Games | Solution

  • This Solution has been Purchased 1 time
  • Submitted On 08 Aug, 2015 03:16:26
Answer posted by
Online Tutor Profile
solution
Performed exploratory data analysis by appropriate numerical and graphical summaries and found that none of these v...
Buy now to view the complete solution
Other Similar Questions
User Profile
Exper...

Qnt. 5040 HCT Merger Forecasting Case Study | Complete Solution

Since from the above table we see that the mean and medians are not approximately equal therefore the data distribution is not exactly but approximately normal distribution. Also from skewness of the data we see that it is 0....
User Profile
homew...

Qnt. 5040 – Mini Report #1

Introduction: Mack Stewart president and CEO of the Star Bright Stores, headquartered in Prescott Florida, is worried about his franchise operation. Mack knows that his company’s future depends on growing his business and...
User Profile
Exper...

QNT. 5040 Predicting Total Attendance at the Prescott Maple's Home Games | Solution

Performed exploratory data analysis by appropriate numerical and graphical summaries and found that none of these variables had normal distribution. The variable Hot dogs sold at the game is had a non-significant relationship...
User Profile
Exper...

Qnt. 5040The Prescott Film Studio Regression Case Study | Complete Solution

The mean and median of the total box office receipts are significantly differ. Standard deviation is 33.79, range is 105.10 and interquartile range is 41.53. The mean and median of the production costs are significantly dif...
User Profile
AceTu...

Qnt. 5040 Mini Report Regressions: The Prescott College General Biology Regression Case | Solution

Nan McPherson, an assistant professor of biology at Prescott College (PC), has been wondering if she could predict the scores on the final exam for her students in a General Biology Class (Bio. 457) and then also predict the ...

The benefits of buying study notes from CourseMerits

homeworkhelptime
Assurance Of Timely Delivery
We value your patience, and to ensure you always receive your homework help within the promised time, our dedicated team of tutors begins their work as soon as the request arrives.
tutoring
Best Price In The Market
All the services that are available on our page cost only a nominal amount of money. In fact, the prices are lower than the industry standards. You can always expect value for money from us.
tutorsupport
Uninterrupted 24/7 Support
Our customer support wing remains online 24x7 to provide you seamless assistance. Also, when you post a query or a request here, you can expect an immediate response from our side.
closebutton

$ 629.35