Dixie Showtime Movie Theaters, Inc., owns and operates a chain of cinemas in several markets in the southern U.S. The owners would like to estimate weekly gross revenue as a function of advertising expenditures. Data for a sample of eight markets for a recent week follow. Market Mobile Shreveport Jackson Birmingham Little Rock Biloxi New Orleans Baton Rouge Weekly Gross Revenue Television Advertising Newspaper Advertising ($100s) 101.3 51.9 74.8 126.2 137.8 101.4 237.8 219.6 ($100s) 5.0 3.0 4.0 4.3 3.6 3.5 5.0 6.9 + ($100s) 1.5 3.0 1.5 4.3 (a) Use the data to develop an estimated regression equation with the amount of television advertising as the independent variable. Let x represent the amount of television advertising. If required, round your answers to three decimal places. For subtractive or negative numbers use a minus sign even if there is a sign before the blank. (Example: -300) ŷ X 4.0 2.3 8.4 5.8 Test for a significant relationship between television advertising and weekly gross revenue at the 0.05 level of significance. What is the interpretation of this relationship? There Select your answer - a significant relationship between the amount spent on television advertising and weekly gross revenue. The estimated regression equation is the best estimate of the - Select your answer - ✓given the - Select your answer
Dixie Showtime Movie Theaters, Inc., owns and operates a chain of cinemas in several markets in the southern U.S. The owners would like to estimate weekly gross revenue as a function of advertising expenditures. Data for a sample of eight markets for a recent week follow. Market Mobile Shreveport Jackson Birmingham Little Rock Biloxi New Orleans Baton Rouge Weekly Gross Revenue Television Advertising Newspaper Advertising ($100s) 101.3 51.9 74.8 126.2 137.8 101.4 237.8 219.6 ($100s) 5.0 3.0 4.0 4.3 3.6 3.5 5.0 6.9 + ($100s) 1.5 3.0 1.5 4.3 (a) Use the data to develop an estimated regression equation with the amount of television advertising as the independent variable. Let x represent the amount of television advertising. If required, round your answers to three decimal places. For subtractive or negative numbers use a minus sign even if there is a sign before the blank. (Example: -300) ŷ X 4.0 2.3 8.4 5.8 Test for a significant relationship between television advertising and weekly gross revenue at the 0.05 level of significance. What is the interpretation of this relationship? There Select your answer - a significant relationship between the amount spent on television advertising and weekly gross revenue. The estimated regression equation is the best estimate of the - Select your answer - ✓given the - Select your answer
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Question
Transcribed Image Text:Dixie Showtime Movie Theaters, Inc., owns and operates a chain of cinemas in several markets in the southern U.S. The owners would like to estimate weekly
gross revenue as a function of advertising expenditures. Data for a sample of eight markets for a recent week follow.
Market
Mobile
Shreveport
Jackson
Birmingham
Little Rock
Biloxi
New Orleans
Baton Rouge
Weekly Gross Revenue Television Advertising Newspaper Advertising
($100s)
101.3
51.9
74.8
126.2
137.8
101.4
237.8
219.6
($100s)
5.0
3.0
4.0
4.3
3.6
3.5
5.0
6.9
+
(a) Use the data to develop an estimated regression equation with the amount of television advertising as the independent variable.
Let x represent the amount of television advertising.
If required, round your answers to three decimal places. For subtractive or negative numbers use a minus sign even if there is a + sign before the blank.
(Example: -300)
ŷ
($100s)
1.5
3.0
1.5
4.3
4.0
2.3
8.4
5.8
X
Test for a significant relationship between television advertising and weekly gross revenue at the 0.05 level of significance. What is the interpretation of
this relationship?
There - Select your answer - a significant relationship between the amount spent on television advertising and weekly gross revenue. The estimated
regression equation is the best estimate of the - Select your answer -
given the - Select your answer -
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