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.WeeklyGrossTelevisionAdvertising($1,000s)NewspaperAdvertising($1,000s)Revenue($1,000s)965.01.5902.02.0954.01.5922.52.5953.03.3943.52.3942.54.2943.02.5(a) Develop anestimated regression equation with theof television advertising as the independent variable. (Round your numerical valuesdecimal places. Let x, represent theamount of television advertising in $1,000s and y represent the weekly gross revenue in $1,000s.)%3D(b) Develop an estimated regression equation with both television advertising and newspaper advertising as the independent variables. (Round your numerical values to two decimal places. LetX1represent the amount of television advertising in $1,000s, x, represent the amount of newspaper advertising in $1,000s, and y represent the weekly gross revenue in $1,000s.)

Let y be the weekly gross revenue x1 be the amount of television advertising Excel Procedure: Enter…

Answered: he owner of Showtime Movie Theaters,…

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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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. Click on the datafile logo to reference the data .
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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…
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 GrossRevenue($1000s) TelevisonAdvertising($1000s) NewspaperAdvertising($1000s) 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 Part A: Develop an estimated regression equation with the amount of television advertising as the independent variable. Part B: Develop an estimated regression equation with both television advertising and news paper advertising as independent variables. Part C: Is the estimated regression rquation coefficient for television advertising expenditures the same in part (a) and in part (b) ? Interpret the coefficient in each case. Part D : Predict Weekly gross revenue for a week $3500 is spent on television advertising and $1800 is spent on newspaper advertising? Please hurry

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