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| Topic: |
Business
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| Number of pages / Number of words: |
5 / 1156 |
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A person is more likely to attend a home game if the price of going to that game is relatively low. I obtained my data for this variable from www.baseballreference.com. The summary statistics for this variable for the years 2003-2005 show an average cost of $157.08 per game with a standard deviation from the mean of $29...
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The highest average cost for a baseball team over this time was $276.24 and the lowest FCI was $100.13.
Another variable that I will be using is ticket price. Ticket price is similar to fan cost index in that it will either have a positive or negative effect on attendance depending on the average price of the tickets...
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