A company offers advanced concert sales to "Frequent Buyers" through its web site. A concert production company makes a

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A Company Offers Advanced Concert Sales To Frequent Buyers Through Its Web Site A Concert Production Company Makes A 1 (48.12 KiB) Viewed 52 times

A company offers advanced concert sales to "Frequent Buyers" through its web site. A concert production company makes a scatterplot, relating Total Revenue to Advanced Sales as shown to the right. One performer refused to permit advanced sales. What effect has that point had on the regression to model Total Revenue from Advanced Sales? Choose the correct answer below. *** Total Revenue 160,000 80,000 0 16 Advanced Sales O A. The point has high leverage and is an outlier. It will reduce the slope of the regression line and make the line a poor model for the data. OB. The location of one point has very little effect on the regression line. OC. The point has high leverage and is an outlier. It will increase the slope of the regression line and make the line a poor model for the data. O D. The point has no leverage and is not an outlier. It will slightly increase the intercept of the regression line.