Question
In: Statistics and Probability
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.
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.
| Weekly | Television | Newspaper |
| Gross Revenue | Advertising | Advertising |
| ($1,000s) | ($1,000s) | ($1,000s) |
| 100 | 5.0 | 1.5 |
| 90 | 2.0 | 2.0 |
| 95 | 4.0 | 1.5 |
| 92 | 2.5 | 2.5 |
| 103 | 3.0 | 3.3 |
| 94 | 3.5 | 2.3 |
| 94 | 2.5 | 4.2 |
| 94 | 3.0 | 2.5 |
- Develop an estimated regression equation with the amount of television advertising as the independent variable (to 1 decimal).
Revenue = + TVAdv - Develop an estimated regression equation with both television advertising and newspaper advertising as the independent variables (to 2 decimals).
Revenue = + TVAdv + NewsAdv - Is the estimated regression equation coefficient for television advertising expenditures the same in part (a) and in part (b)?
SelectYes, the coefficients are the sameNo, the coefficients are not the sameItem 6 - Predict weekly gross revenue for a week when $3.4 thousand is spent on television advertising and $1.6 thousand is spent on newspaper advertising? (to 2 decimals, if necessary)
$ in thousands
Solutions
orchestra answered 1 year agoRelated Solutions
The owner of Showtime Movie Theaters, Inc., would like to predict weekly gross revenue as a...
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
has been collected in the Microsoft Excel Online file below. Open
the spreadsheet and perform the required analysis to answer the
questions below.
Weekly Gross Revenue ($1000s)
Television Advertising ($1000s)
Newspaper Advertising($1000s)
97
6
1.5
91
2
2
96
5
1.5
93
2.5
2.5
95
4
3.3
94
3.5
2.3
95...
The owner of Showtime Movie Theaters, Inc., would like to predict weekly gross revenue as a...
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.
Weekly Gross Revenue ($1000s) Televison Advertising ($1000s)
Newspaper Advertising ($1000s) 97 5 1.5 90 2 3 96 4 2.5 92 2.5 2.5
95 3 3.3 95 3.5 2.3 95 2.5 4.2 95 3 3.5 Use = .01 to test the
hypotheses for the model y = 0 + 1 x 1...
The owner of Showtime Movie Theaters, Inc., would like to predict weekly gross revenue as a...
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.
Weekly Gross Revenue ($1000s)
Televison Advertising ($1000s)
Newspaper Advertising ($1000s)
97
5
1.5
90
2
3
96
4
2.5
93
3.5
2.5
96
3
4.3
94
3.5
2.3
95
2.5
5.2
95
3
3.5
a. Use to test the hypotheses
and/or is not equal to zero
for the model , where
television advertising...
The owner of Showtime Movie Theaters, Inc., would like to predict weekly gross revenue as a...
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.
Weekly
Gross
Revenue
($1,000s)
Television
Advertising
($1,000s)
Newspaper
Advertising
($1,000s)
96
5.0
1.5
90
2.0
2.0
95
4.0
1.5
92
2.5
2.5
95
3.0
3.3
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 advertising as the independent variable. (Round...
The owner of Showtime Movie Theaters, Inc., would like to predict weekly gross revenue as a...
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.
Weekly
Gross
Revenue
($1,000s)
Television
Advertising
($1,000s)
Newspaper
Advertising
($1,000s)
96
5.0
1.5
90
2.0
2.0
95
4.0
1.5
92
2.5
2.5
95
3.0
3.3
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 advertising as the independent variable. (Round...
The owner of Showtime Movie Theaters would like to estimate weekly gross revenue as a function...
The owner of Showtime Movie Theaters would like to estimate
weekly gross revenue as a function of advertising expenditures.
Historical data for a sample of eight weeks are as below:
Week
Weekly gross revenue ($1000s)
TV Advertising ($1000s)
Newspaper Advertising ($1000s)
1
96
5.0
1.5
2
90
2.0
2.0
3
95
4.0
1.5
4
92
2.5
2.5
5
95
3.0
3.3
6
94
3.5
2.3
7
94
2.5
4.2
8
94
3.0
2.5
Following are the regression results for the...
1. The owner of Showtime Movie Theaters, Inc. would like to estimate weekly gross revenue as...
1. The owner of Showtime Movie Theaters, Inc.
would like to estimate weekly gross revenue as a function of
advertising expenditures. Historical data for a sample of eight
weeks follow.
Weekly Gross
Television
Newspaper
Radio
Revenue
Advertising
Advertising
Advertising
($1000s)
($1000s)
($1000s)
($1000s)
96
5
1.5
0.3
90
2
2
0.2
95
4
1.5
0.3
92
2.5
2.5
0.1
95
3
3.3
0.4
94
3.5
2.3
0.4
94
2.5
4.2
0.3
94
3
2.5
0.3
Is the estimated regression equation...
1. The owner of Showtime Movie Theaters, Inc. would like to estimate weekly gross revenue as...
1. The owner of Showtime Movie Theaters, Inc.
would like to estimate weekly gross revenue as a function of
advertising expenditures. Historical data for a sample of eight
weeks follow.
Weekly Gross
Television
Newspaper
Radio
Revenue
Advertising
Advertising
Advertising
($1000s)
($1000s)
($1000s)
($1000s)
96
5
1.5
0.3
90
2
2
0.2
95
4
1.5
0.3
92
2.5
2.5
0.1
95
3
3.3
0.4
94
3.5
2.3
0.4
94
2.5
4.2
0.3
94
3
2.5
0.3
Use the F test to...
1. The owner of Showtime Movie Theaters, Inc. would like to estimate weekly gross revenue as...
1. The owner of Showtime Movie Theaters, Inc.
would like to estimate weekly gross revenue as a function of
advertising expenditures. Historical data for a sample of eight
weeks follow.
Weekly Gross
Television
Newspaper
Radio
Revenue
Advertising
Advertising
Advertising
($1000s)
($1000s)
($1000s)
($1000s)
96
5
1.5
0.3
90
2
2
0.2
95
4
1.5
0.3
92
2.5
2.5
0.1
95
3
3.3
0.4
94
3.5
2.3
0.4
94
2.5
4.2
0.3
94
3
2.5
0.3
Develop an estimated regression equation...
1. The owner of Showtime Movie Theaters, Inc. would like to estimate weekly gross revenue as...
1. The owner of Showtime Movie Theaters, Inc.
would like to estimate weekly gross revenue as a function of
advertising expenditures. Historical data for a sample of eight
weeks follow.
Weekly Gross
Television
Newspaper
Radio
Revenue
Advertising
Advertising
Advertising
($1000s)
($1000s)
($1000s)
($1000s)
96
5
1.5
0.3
90
2
2
0.2
95
4
1.5
0.3
92
2.5
2.5
0.1
95
3
3.3
0.4
94
3.5
2.3
0.4
94
2.5
4.2
0.3
94
3
2.5
0.3
Develop an estimated regression equation...
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