Telelvision Newspaper Adveritising Adveritising ($1000) 60 Develop an estimated regression equation to predict weekly gross revenue as a function of advertising expenditures. ($1000) 15 20 20 Explain in simg when 1000s ae spent televion and newspaper then the 40 15 25 25 Predict weekly 30 33 35 23 d) What is the R2 value? 0.9190 25 42 30 25 What is the Hypothesis Test? Use the t test to determine the significance of each independent variable. State the t test, pvalues, and your conclusion. What is the coer Reject He 0.956444 0864984 0.642587303 SS ignficance F 11.7177039 28.37776839 0.001524231 MS 2343540779 2.0645220 041201442 255 Coeffcents 83.200 Standard Eror 1S732 52 88247894 0.00000004571 79.18433275 87 27585063 79 18433275 87275es063 0.30406456 7.5318313 0.0006S323166 1.508So79 3071806446 0.320701507 4.0502 0.00970797e 04765930 2.12537870 0470003 21253787 1Stat Lower 95% Upper 95% Lower 950 Upper 95ON 1.5085607 3071806446 ing 3000O

MATLAB: An Introduction with Applications
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The owner of Showtime Movie Theatres Inc. would like to predict weekly gross revenue as a function of advertising expenditures. Use 0.05 level
of significance.Historical data for a sample of eight weeks follow:
Weekly Gross
Renvenue
Telelvision
Newspaper
Adveritising
($1000s)
Adveritising
a)
Develop an estimated regression equation to predict weekly gross revenue as a function of advertising expenditures.
($1000s)
($1000s)
96
5.0
1.5
90
20
2.0
b)
Explain in simg
when 1000s are spent on television and newspaper then the revenue will in
95
4.0
1.5
92
2.5
2.5
c)
Predict weekly
95
3.0
3,3
94
3.5
2.3
d)
What is the R2 value?
0.9190
94
2.5
4.2
94
3.0
2.5
e)
What is the Hypothesis Test?
Use the t test to determine the significance of each independent variable. State the t test, p-values, and your conclusion.
g)
What is the cor
Reject Ho
SUMMARY OUTPUT
pression Statstica
Mutiple R
0.958663444
0.9190356
R Square
0.88664984
Adusted R Square
Standard Eror
0.642587303
Obervations
ANOVA
Syaicance
28.37776839 0.00186524231
SS
MS
11.7177039
Regression
23.43540779
2
Residual
2.064592208
0412918442
Total
255
Standard Eror
Lower 95%
1.573868952 52.88247894 0.00000004571 79.18433275 87 27585063 79.18433275
Coeficievts
t Stat
Pvalue
Upper 9%
Lower 95.0%
Upper 95.0%
Intercept
83.23009169
87.27585063
Telelvision Adveritising (100013621
0.304064556 7.531899313 0.00065323166 1.508560796 3.071806446 1.508560796 3.071806446
Newspaper Adverifaing (3000PO9e|
0.320701597 4.056696662 0.0097607978 0476599398 2.125378796 0470599398 2.125378798|
Transcribed Image Text:The owner of Showtime Movie Theatres Inc. would like to predict weekly gross revenue as a function of advertising expenditures. Use 0.05 level of significance.Historical data for a sample of eight weeks follow: Weekly Gross Renvenue Telelvision Newspaper Adveritising ($1000s) Adveritising a) Develop an estimated regression equation to predict weekly gross revenue as a function of advertising expenditures. ($1000s) ($1000s) 96 5.0 1.5 90 20 2.0 b) Explain in simg when 1000s are spent on television and newspaper then the revenue will in 95 4.0 1.5 92 2.5 2.5 c) Predict weekly 95 3.0 3,3 94 3.5 2.3 d) What is the R2 value? 0.9190 94 2.5 4.2 94 3.0 2.5 e) What is the Hypothesis Test? Use the t test to determine the significance of each independent variable. State the t test, p-values, and your conclusion. g) What is the cor Reject Ho SUMMARY OUTPUT pression Statstica Mutiple R 0.958663444 0.9190356 R Square 0.88664984 Adusted R Square Standard Eror 0.642587303 Obervations ANOVA Syaicance 28.37776839 0.00186524231 SS MS 11.7177039 Regression 23.43540779 2 Residual 2.064592208 0412918442 Total 255 Standard Eror Lower 95% 1.573868952 52.88247894 0.00000004571 79.18433275 87 27585063 79.18433275 Coeficievts t Stat Pvalue Upper 9% Lower 95.0% Upper 95.0% Intercept 83.23009169 87.27585063 Telelvision Adveritising (100013621 0.304064556 7.531899313 0.00065323166 1.508560796 3.071806446 1.508560796 3.071806446 Newspaper Adverifaing (3000PO9e| 0.320701597 4.056696662 0.0097607978 0476599398 2.125378796 0470599398 2.125378798|
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