A statistical program is recommended.
The owner of a movie theater company 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 | 1.5 |
| 91 | 2 | 2 |
| 95 | 4 | 1.5 |
| 93 | 2.5 | 2.5 |
| 95 | 3 | 3.2 |
| 94 | 3.5 | 2.2 |
| 94 | 2.5 | 4.1 |
| 94 | 3 | 2.5 |
(a) Use α = 0.01 to test the hypotheses
| H0: | β1 = β2 = 0 |
| Ha: | β1 and/or β2 is not equal to zero |
for the model y = β0 + β1x1 + β2x2 + ε, where
| x1 | = | television advertising ($1,000s) |
| x2 | = | newspaper advertising ($1,000s). |
Find the value of the test statistic. (Round your answer to two decimal places.)
Use α = 0.05 to test the significance of β1.
Find the value of the test statistic. (Round your answer to two decimal places.)
Use α = 0.05 to test the significance of β2.
Find the value of the test statistic. (Round your answer to two decimal places.)
Find the p-value. (Round your answer to three decimal places.)
p-value =
In: Statistics and Probability
The owner of a movie theater company 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 | 1.5 |
| 90 | 2 | 2 |
| 95 | 4 | 1.5 |
| 93 | 2.5 | 2.5 |
| 95 | 3 | 3.3 |
| 94 | 3.5 | 2.3 |
| 94 | 2.5 | 4.1 |
| 94 | 3 | 2.5 |
1. Use α = 0.01 to test the hypotheses
| H0: | β1 = β2 = 0 |
| Ha: | β1 and/or β2 is not equal to zero |
for the model
y = β0 + β1x1 + β2x2 + ε,
where
| x1 | = | television advertising ($1,000s) |
| x2 | = | newspaper advertising ($1,000s). |
1b. Find the value of the test statistic. (Round your answer to two decimal places.)
1c. Find the p-value. (Round your answer to three decimal places.)
p-value =
1d. State your conclusion.
(a) Do not reject H0. There is sufficient evidence to conclude that there is a significant relationship among the variables.
(b) Reject H0. There is sufficient evidence to conclude that there is a significant relationship among the variables.
(c) Do not reject H0. There is insufficient evidence to conclude that there is a significant relationship among the variables.
(d) Reject H0. There is insufficient evidence to conclude that there is a significant relationship among the variables.
2. Use α = 0.05 to test the significance of β1.
2a. State the null and alternative hypotheses.
| (a) H0: β1 ≠ 0 |
| Ha: β1 = 0 |
| (b) H0: β1 = 0 |
| Ha: β1 ≠ 0 |
| (c) H0: β1 = 0 |
| Ha: β1 > 0 |
| (d) H0: β1 = 0 |
| Ha: β1 < 0 |
| (e) H0: β1 < 0 |
| Ha: β1 = 0 |
2b. Find the value of the test statistic. (Round your answer to two decimal places.)
2c. Find the p-value. (Round your answer to three decimal places.)
p-value =
2d. State your conclusion.
(a) Do not reject H0. There is sufficient evidence to conclude that β1 is significant.
(b) Do not reject H0. There is insufficient evidence to conclude that β1 is significant.
(c) Reject H0. There is sufficient evidence to conclude that β1 is significant.
(d) Reject H0. There is insufficient evidence to conclude that β1 is significant.
2e. Should x1 be dropped from the model?
Yes
No
3.Use α = 0.05 to test the significance of β2.
3a. State the null and alternative hypotheses.
| (a) H0: β2 < 0 |
| Ha: β2 = 0 |
| (b)H0: β2 ≠ 0 |
| Ha: β2 = 0 |
| (c)H0: β2 = 0 |
| Ha: β2 ≠ 0 |
| (d)H0: β2 = 0 |
| Ha: β2 > 0 |
| (e)H0: β2 = 0 |
| Ha: β2 < 0 |
3b. Find the value of the test statistic. (Round your answer to two decimal places.)
3c. Find the p-value. (Round your answer to three decimal places.)
p-value =
3d. State your conclusion.
(a) Reject H0. There is insufficient evidence to conclude that β2 is significant.
(b) Do not reject H0. There is sufficient evidence to conclude that β2 is significant.
(c) Do not reject H0. There is insufficient evidence to conclude that β2 is significant.
(d) Reject H0. There is sufficient evidence to conclude that β2 is significant.
3e. Should x2 be dropped from the model?
Yes
No
In: Statistics and Probability
A statistical program is recommended.
The owner of a movie theater company 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 | 1.5 |
| 91 | 2 | 2 |
| 95 | 4 | 1.5 |
| 93 | 2.5 | 2.5 |
| 95 | 3 | 3.2 |
| 94 | 3.5 | 2.3 |
| 94 | 2.5 | 4.2 |
| 94 | 3 | 2.5 |
(a)
Use α = 0.01 to test the hypotheses
| H0: | β1 = β2 = 0 |
| Ha: | β1 and/or β2 is not equal to zero |
for the model
y = β0 + β1x1 + β2x2 + ε,
where
| x1 | = | television advertising ($1,000s) |
| x2 | = | newspaper advertising ($1,000s). |
Find the value of the test statistic. (Round your answer to two decimal places.)
Find the p-value. (Round your answer to three decimal places.)
p-value =
State your conclusion.
Reject H0. There is sufficient evidence to conclude that there is a significant relationship among the variables.Do not reject H0. There is insufficient evidence to conclude that there is a significant relationship among the variables. Reject H0. There is insufficient evidence to conclude that there is a significant relationship among the variables. Do not reject H0. There is sufficient evidence to conclude that there is a significant relationship among the variables.
(b)
Use α = 0.05 to test the significance of
β1.
State the null and alternative hypotheses.
| H0: β1 = 0 |
| Ha: β1 > 0 |
| H0: β1 < 0 |
| Ha: β1 = 0 |
| H0: β1 = 0 |
| Ha: β1 ≠ 0 |
| H0: β1 = 0 |
| Ha: β1 < 0 |
| H0: β1 ≠ 0 |
| Ha: β1 = 0 |
Find the value of the test statistic. (Round your answer to two decimal places.)
Find the p-value. (Round your answer to three decimal places.)
p-value =
State your conclusion.
Reject H0. There is insufficient evidence to conclude that β1 is significant.Do not reject H0. There is insufficient evidence to conclude that β1 is significant. Reject H0. There is sufficient evidence to conclude that β1 is significant.Do not reject H0. There is sufficient evidence to conclude that β1 is significant.
Should
x1
be dropped from the model?
YesNo
(c)
Use α = 0.05 to test the significance of
β2.
State the null and alternative hypotheses.
| H0: β2 = 0 |
| Ha: β2 ≠ 0 |
| H0: β2 < 0 |
| Ha: β2 = 0 |
| H0: β2 = 0 |
| Ha: β2 > 0 |
| H0: β2 = 0 |
| Ha: β2 < 0 |
| H0: β2 ≠ 0 |
| Ha: β2 = 0 |
Find the value of the test statistic. (Round your answer to two decimal places.)
Find the p-value. (Round your answer to three decimal places.)
p-value =
State your conclusion.
Reject H0. There is sufficient evidence to conclude that β2 is significant.Reject H0. There is insufficient evidence to conclude that β2 is significant. Do not reject H0. There is sufficient evidence to conclude that β2 is significant.Do not reject H0. There is insufficient evidence to conclude that β2 is significant.
Should
x2
be dropped from the model?
YesNo
In: Statistics and Probability
The Triquel Theater Inc. was recently formed. It began operations in March 2017. The Triquel is unique in that it will show only triple features of sequential theme movies. On March 1, the ledger of The Triquel showed Cash $18,800; Land $40,800; Buildings (concession stand, projection room, ticket booth, and screen) $22,000; Equipment $16,000; Accounts Payable $14,800; and Common Stock $82,800. During the month of March, the following events and transactions occurred:
| Mar. 2 | Rented the first three Star Wars movies (Star Wars®, The Empire Strikes Back, and The Return of the Jedi) to be shown for the first three weeks of March. The film rental was $9,600; $1,100 was paid in cash and $8,500 will be paid on March 10. | |
| 3 | Ordered the first three Star Trek movies to be shown the last 10 days of March. It will cost $500 per night. | |
| 9 | Received $10,400 cash from admissions. | |
| 10 | Paid balance due on Star Wars movies' rental and $2,900 on March 1 accounts payable. | |
| 11 | The Triquel Theater contracted with R. Lazlo to operate the concession stand. Lazlo agrees to pay The Triquel 15% of gross receipts, payable monthly, for the rental of the concession stand. | |
| 12 | Paid advertising expenses $600. | |
| 20 | Received $7,900 cash from customers for admissions. | |
| 20 | Received the Star Trek movies and paid rental fee of $5,700. | |
| 31 | Paid salaries of $3,700. | |
| 31 | Received statement from R. Lazlo showing gross receipts from concessions of $10,200 and the balance due to The Triquel of $1,530 ($10,200 × .15) for March. Lazlo paid half the balance due and will remit the remainder on April 5. | |
| 31 |
Received $19,800 cash from customers for admissions. I must do the 4 following things: Using T-accounts, enter the beginning balances to the ledger. Journalize the March transactions. The Triquel records admission revenue as service revenue, concession revenue as sales revenue, and film rental expense as rent expense. Post the March journal entries to the ledger .Prepare a trial balance on March 31, 2017. |
In: Accounting
Sound Electronics is a retail electronics store carrying home theater equipment. The store is at the end of its fifth year of operations and is struggling. A major problem is that its cost of inventory has continually increased for the past three years. In the first year of operations, the store decided to assign inventory costs using LIFO.
A loan agreement the store has with its bank, requires the store to maintain a certain profit margin and current ratio. The store’s owner is currently looking over Sound Electronics’ financial statements for its fifth year. The numbers are not favorable. The only way the store can meet the required financial ratios agreed on with the bank is to change from LIFO to FIFO. The store originally decided on LIFO because of its tax advantages. The owner asks the accountant to recalculate ending inventory using FIFO and submit those numbers and statements to the loan officer at the bank for the required bank review.
How would the use of FIFO improve Sound Electronics' profit margin and current ratio? Is the request by Sound Electronics' owner ethical? How should the accountant proceed? Explain. Justify your answer by referencing accounting principles and/or concepts.
In: Accounting
The second assignment involves writing a Python program to
compute the price of a theater ticket. Your program should prompt
the user for the patron's age and whether the movie is 3D. Children
and seniors should receive a discounted price. There should be a
surcharge for movies that are 3D. You should decide on the age
cutoffs for children and seniors and the prices for the three
different age groups. You should also decide on the amount of the
surcharge for 3D movies. Your program should output the ticket
price for the movie ticket based on the age entered and whether the
movie is in 3D.
Your program should include the pseudocode used for your design in
the comments. Document the values you chose for the age cutoffs for
children and seniors, the prices for the three different age groups
and the surcharge for 3D movies in your comments as well.
You are to submit your Python program as a text file (.txt) file.
In addition, you are also to submit a test report in a Word
document or a .pdf file. 15% of your grade will be based on whether
the comments in your program include the pseudocode and define the
values of your constants, 70% on whether your program executes
correctly on all test cases and 15% on the completeness of your
test report.
In: Computer Science
| C1 | C2 | C3 | C4 | C5 | C6 | C7 | C8 | C9 | C10 | |
| R1 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| R2 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| R3 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| R4 | 10 | 10 | 20 | 20 | 20 | 20 | 20 | 20 | 10 | 10 |
| R5 | 10 | 10 | 20 | 20 | 20 | 20 | 20 | 20 | 10 | 10 |
| R6 | 10 | 10 | 20 | 20 | 20 | 20 | 20 | 20 | 10 | 10 |
| R7 | 20 | 20 | 30 | 30 | 30 | 30 | 30 | 30 | 20 | 20 |
| R8 | 20 | 30 | 30 | 40 | 50 | 50 | 40 | 30 | 30 | 20 |
| R9 | 30 | 40 | 50 | 50 | 50 | 50 | 50 | 50 | 40 | 30 |
| R10 | 20 | 40 | 50 | 50 | 50 | 50 | 50 | 50 | 40 | 20 |
A theater seating chart is implemented as a table of ticket prices, like this above Write a program that asks users to pick either a seat or a price. When choosing seat, indicate the row and column for the location; when choosing the price, like computer find the first available price; mark the sold seats by changing the price to 0. When a user specifies a seat, make sure it is available. Use loop to determine whether continue to order or not. In each time, the seating chart should be displayed for user. When user stops ordering, your program should output the number of tickets ordered, and amount ordered.
PS- the program is being written in python language and our insturctor has told us to us elif
In: Computer Science
1. The National Park Service has asked you to construct a value of the Grand Canyon. Explain the pros and cons of using the travel cost method to do this. Would you prefer the hedonic method or the stated preference method? Why or why not?
In: Economics
1. The National Park Service has asked you to construct a value of the Grand Canyon. Explain the pros and cons of using the travel cost method to do this. Would you prefer the hedonic method or the stated preference method? Why or why not?
In: Economics
In: Economics