The owner of Showtime Movie Theaters, Inc, would ke to predit weekly gross revenue as a fundion of advertising expenditures. Historical data for a sample of eight weeks follon. Weekly Television Newspaper Gross Revenue Advertising Advertising (s1000s) (S1000s) (S1000s) 50 15 90 2.0 2.0 95 4.0 15 92 25 25 95 3.0 33 3.5 23 25 42 94 3.0 25 a Use a = 01 to test the hypotheses HA andir is et oqual te ero for the model +e, where -elevisiee advetising S1000 -paper advertising S1000) Compute the Ftest statistic (to 2 decimals). Use Fatle. What is the pvae? Select What is your condusion? Select b. Use a= 05 to test the signticarce of B1. Campute the i test statistic (to 2 decimais). Use r table. What is the pvalue? Select What is your condusion Select Should be dropped from the mode Slet C Use a= 05 to test the significance of B2. Compute the t test statistic (to 2 decimas). Use t table. What is the pvaue? Slet What is your condusion? Selet Shouldxa be dropped from the mode Sulect

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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.
Weekly
Television Newspaper
Gross Revenue Advertising Advertising
($1000s)
($1000s)
($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
a. Use a = .01 to test the hypotheses
Hi B, and/or ie is net cqual to zero
for the model y = Bo+ B1x1 +82 x 2 + E, where
X- television advertising ($1000s)
X - newspaper advertising ($1000s)
Compute the Ftest statistic (to 2 decimals). Use Ftable.
What is the p-value?
Select
What is your conclusion?
Select
b. Use a = .05 to test the significance of P1. Compute the t test statistic (to 2 decimals). Use t table.
What is the p-value?
Select
What is your conclusion?
Select
Should x 1 be dropped from the model?
Select
C. Use a = .05 to test the significance of P 2. Compute the t test statistic (to 2 decimals). Use t table.
What is the p-value?
Select
What is your conclusion?
Select
Should x 2 be dropped from the model?
Select
Transcribed Image Text: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 Television Newspaper Gross Revenue Advertising Advertising ($1000s) ($1000s) ($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 a. Use a = .01 to test the hypotheses Hi B, and/or ie is net cqual to zero for the model y = Bo+ B1x1 +82 x 2 + E, where X- television advertising ($1000s) X - newspaper advertising ($1000s) Compute the Ftest statistic (to 2 decimals). Use Ftable. What is the p-value? Select What is your conclusion? Select b. Use a = .05 to test the significance of P1. Compute the t test statistic (to 2 decimals). Use t table. What is the p-value? Select What is your conclusion? Select Should x 1 be dropped from the model? Select C. Use a = .05 to test the significance of P 2. Compute the t test statistic (to 2 decimals). Use t table. What is the p-value? Select What is your conclusion? Select Should x 2 be dropped from the model? Select
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