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he 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. a.  Use ? = .01 to test the hypotheses for the model y = ?0 + ?1?1 + ?2?2 + ?, where: H0 : ?1 = ?2 = 0 Ha : ?1 and/or ?2 ≠0 Compute the F test statistic (to 2 decimals). b.  Use ? = .05 to test the significance of ?1. Compute the t test statistic (to 2 decimals). c.  Use ? = .05 to test the significance of ?2. Compute the t test statistic (to 2 decimals). d.  The owner plans to spend (in $1000s) $4.5 on television advertising and $3.6 on newspaper advertising. What is the expected revenue (in $1000s) for this advertising combination (to the nearest whole number)?

he 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. a.  Use ? = .01 to test the hypotheses for the model y = ?0 + ?1?1 + ?2?2 + ?, where: H0 : ?1 = ?2 = 0 Ha : ?1 and/or ?2 ≠0 Compute the F test statistic (to 2 decimals). b.  Use ? = .05 to test the significance of ?1. Compute the t test statistic (to 2 decimals). c.  Use ? = .05 to test the significance of ?2. Compute the t test statistic (to 2 decimals). d.  The owner plans to spend (in $1000s) $4.5 on television advertising and $3.6 on newspaper advertising. What is the expected revenue (in $1000s) for this advertising combination (to the nearest whole number)?

MATLAB: An Introduction with Applications
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 has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the questions below.

a.  Use ? = .01 to test the hypotheses for the model y = ?0 + ?1?1 + ?2?2 + ?, where:

H0 : ?1 = ?2 = 0

Ha : ?1 and/or ?2 ≠0

Compute the F test statistic (to 2 decimals).

b.  Use ? = .05 to test the significance of ?1. Compute the t test statistic (to 2 decimals).

c.  Use ? = .05 to test the significance of ?2. Compute the t test statistic (to 2 decimals).

d.  The owner plans to spend (in $1000s) $4.5 on television advertising and $3.6 on newspaper advertising. What is the expected revenue (in $1000s) for this advertising combination (to the nearest whole number)?

 

Excel template - Saved 5 E1 1234SGEN 5 6 7 8 9 File 10 11 13 14 Home 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 A X ✓ fx B Television Weekly Gross Advertising Revenue (1000s) ($1000s) 97 6 91 2 96 5 711 92 2.5 95 4 94 3.5 95 2.5 95 4 Insert Predicted Revenue Arial Draw Page Layout ✓10 4.5 C Newspaper Advertising B ($1000s) 1.5 2 1.5 2.5 3.3 2.3 4.2 2.5 3.6 Formulas D E Search (Option + Q) Data A F Review G View V ab H Help | General J K ←.0 .00 L .00 →.0 M B
Transcribed Image Text:Excel template - Saved 5 E1 1234SGEN 5 6 7 8 9 File 10 11 13 14 Home 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 A X ✓ fx B Television Weekly Gross Advertising Revenue (1000s) ($1000s) 97 6 91 2 96 5 711 92 2.5 95 4 94 3.5 95 2.5 95 4 Insert Predicted Revenue Arial Draw Page Layout ✓10 4.5 C Newspaper Advertising B ($1000s) 1.5 2 1.5 2.5 3.3 2.3 4.2 2.5 3.6 Formulas D E Search (Option + Q) Data A F Review G View V ab H Help | General J K ←.0 .00 L .00 →.0 M B
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