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5.) The owner of Showtime Movie Theaters, Inc., would like to predict weekly gross revenue as a function of advertising expenditures. Historical data for a sample of eight weeks follow. SELFtest Weekly Gross Revenue Television Advertising ($1000s) Newspaper Advertising ($1000s) ($1000s) 96 5.0 1.5 90 2.0 2.0 DATA file 4.0 95 1.5 Showtime 92 2.5 2.5 3.3N 95 3.0 94 3.5 2.3 94 2.5 4.2 94 3.0 2.5 a. Develop an estimated regression equation with the amount of television advertisine as the independent variable. b. Develop an estimated regression equation with both television advertising and news- paper advertising as the independent variables. Is the estimated regression equation coefficient for television advertising expenditures the same in part (a) and in part (b)? Interpret the coefficient in each case. d. Predict weekly gross revenue for a week when $3500 is spent on television advertising and $1800 is spent on newspaper advertising. C. 6. The Nationol Foot

5.) The owner of Showtime Movie Theaters, Inc., would like to predict weekly gross revenue as a function of advertising expenditures. Historical data for a sample of eight weeks follow. SELFtest Weekly Gross Revenue Television Advertising ($1000s) Newspaper Advertising ($1000s) ($1000s) 96 5.0 1.5 90 2.0 2.0 DATA file 4.0 95 1.5 Showtime 92 2.5 2.5 3.3N 95 3.0 94 3.5 2.3 94 2.5 4.2 94 3.0 2.5 a. Develop an estimated regression equation with the amount of television advertisine as the independent variable. b. Develop an estimated regression equation with both television advertising and news- paper advertising as the independent variables. Is the estimated regression equation coefficient for television advertising expenditures the same in part (a) and in part (b)? Interpret the coefficient in each case. d. Predict weekly gross revenue for a week when $3500 is spent on television advertising and $1800 is spent on newspaper advertising. C. 6. The Nationol Foot

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.1: Measures Of Center
Problem 3BGP
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5.) The owner of Showtime Movie Theaters, Inc., would like to predict weekly gross revenue as a function of advertising expenditures. Historical data for a sample of eight weeks follow. SELFtest Weekly Gross Revenue Television Advertising ($1000s) Newspaper Advertising ($1000s) ($1000s) 96 5.0 1.5 90 2.0 2.0 DATA file 4.0 95 1.5 Showtime 92 2.5 2.5 3.3N 95 3.0 94 3.5 2.3 94 2.5 4.2 94 3.0 2.5 a. Develop an estimated regression equation with the amount of television advertisine as the independent variable. b. Develop an estimated regression equation with both television advertising and news- paper advertising as the independent variables. Is the estimated regression equation coefficient for television advertising expenditures the same in part (a) and in part (b)? Interpret the coefficient in each case. d. Predict weekly gross revenue for a week when $3500 is spent on television advertising and $1800 is spent on newspaper advertising. C. 6. The Nationol Foot
Transcribed Image Text:5.) The owner of Showtime Movie Theaters, Inc., would like to predict weekly gross revenue as a function of advertising expenditures. Historical data for a sample of eight weeks follow. SELFtest Weekly Gross Revenue Television Advertising ($1000s) Newspaper Advertising ($1000s) ($1000s) 96 5.0 1.5 90 2.0 2.0 DATA file 4.0 95 1.5 Showtime 92 2.5 2.5 3.3N 95 3.0 94 3.5 2.3 94 2.5 4.2 94 3.0 2.5 a. Develop an estimated regression equation with the amount of television advertisine as the independent variable. b. Develop an estimated regression equation with both television advertising and news- paper advertising as the independent variables. Is the estimated regression equation coefficient for television advertising expenditures the same in part (a) and in part (b)? Interpret the coefficient in each case. d. Predict weekly gross revenue for a week when $3500 is spent on television advertising and $1800 is spent on newspaper advertising. C. 6. The Nationol Foot
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