1. You will obtain regression estimates predicting Attendance from the number of Flyers posted around town and whether the flyers were posted in Color. Assume standard regression assumptions hold.1a. Give the regression estimate assuming the model: Attendance = β0 + β1*Flyers + β2*Color. (Round your answers to 4 decimal places.)Attendance = +. * (Flyers) + *(Color) 1b. How many people are expected to attend if the band posted 80 flyers printed in color around town? (Round final answers to 2 decimal places.)Predicted Attendance: 1c. At the 5% level, would you recommend that the band post flyers printed in color when advertising for their show (provided that the increase in cost of printing in color is negligible)?multiple choice 1Yes, since we reject the relevant H0.Yes, since we do not reject the relevant H0.No, since we reject the relevant H0 Local BandA local band hires a statistician to determine whether flyers areeffective for increasing the audience for shows. For the band's lasteight shows, the statistician records how many people attended theshows (Audience), how many flyers were posted around town (Flyers),and whether or not the flyers were printed in color (Color = 1 if the flyerswere printed in color, Color = 0 otherwise). The complete data iscontained in the accompanying table.Attendance261460390268200249449275Flyers7080704030907070ColorO111OOO1. You will obtain regression estimates predicting Attendance from thenumber of Flyers posted around town and whether the flyers wereposted in Color. Assume standard regression assumptions hold.

Introduction: Since the attendance is being predicted using the number of flyers posted around town,…

Answered: 1. You will obtain regression estimates…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Question

1. You will obtain regression estimates predicting Attendance from the number of Flyers posted around town and whether the flyers were posted in Color. Assume standard regression assumptions hold.

1a. Give the regression estimate assuming the model: Attendance = β₀ + β₁*Flyers + β₂*Color. (Round your answers to 4 decimal places.)

Attendance = +. * (Flyers) + *(Color)

1b. How many people are expected to attend if the band posted 80 flyers printed in color around town? (Round final answers to 2 decimal places.)

Predicted Attendance:

1c. At the 5% level, would you recommend that the band post flyers printed in color when advertising for their show (provided that the increase in cost of printing in color is negligible)?

multiple choice 1