Yоu аre the CEO оf а hоtel chаin and you want to analyze the factors that affect the profit margin (measured in 10,000s of dollars) of the different hotel locations. A sample of 30 hotel locations were used to perform the following multiple regression analysis. Use a level of significance of 5%. Y = PROFIT = profit of the hotel (in 10,000s of dollars)ROOMS10 = number of competing rooms within a 3 mile radius (in 10s of rooms)POOL= 1 if the hotel has a pool and 0 otherwiseNO POOL = 1 if the hotel does not have a pool and 0 otherwise (NO POOL is OMITTED category)OFFICE1000 = Amount of office space in the surrounding area (in 1000s of square feet)ENROLL1000 = College and university enrollment in the area (in 1000s of students)INC1000 = household income in the area (in 1000s of dollars)DIST = distance from the hotel to the downtown area (in miles) Minitab gave the following output: Predictor Coef SE Coef T P Constant 30.33 13.22 2.29 0.031 Rooms10 -0.00481 0.03702 -0.13 0.898 Pool 3.135 5.177 0.61 0.551 Office1000 0.024207 0.008368 0.008 Enroll1000 0.7042 0.2897 2.43 0.023 Inc1000 -0.1690 0.3315 -0.51 0.615 Dist -0.1519 0.3495 -0.43 0.668 Interpret the slope/coefficient on "ENROLL1000" (for the population).
Interpret the аdj-R2 fоr this regressiоn mоdel
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