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 Gross Revenue ($1,000s) Television Advertising Advertising ($1,000s) Newspaper ($1,000s) 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) Develop an estimated regression equation with the amount of television advertising as the independent variable. (Round your numerical values to two decimal places. Let x, represent the amount of television advertising in $1,000s and y represent the weekly gross revenue in $1,000s.) (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. Let x, represent the amount of television advertising in $1,000s, x, represent the amount of newspaper a represent the weekly gross revenue in $1,000s.) (e) is the estimated regression equation coefficient for television advertising expenditures the same in part (a) and in part (b)? -Select v).tis in part (a) and in part (b). Interpret the coeficient in each case. O In part (a) it represents the change in revenue due to a one-unit increase in television advertising with newspaper advertising held constant. In part (b) it represents the change in revenue due to a one-unit increase in television advertising expenditure. O In part (a) it represents the change in revenue due to a one-unit increase in newspaper advertising expenditure with television advertising held constant. In part (b) it represents the change in revenue due to a one-unit increase in television advertising with newspaper advertising held O in part (a) it represents the change in revenue due to a one-unit increase in television advertising expenditure. In part (b) it represents the change in revenue due to a one-unit increase in television advertising with newspaper advertising held constant. O In part (a) it represents the change in revenue due to a one-unit increase in television advertising expenditure. In part (b) it represents the change in revenue due to a one-unt increase in newspaper advertising with television advertising held constant. O In part (a) it represents the change in revenue due to a one-unit increase in television advertising expenditure with newspaper advertising heid constant. In part (b) it represents the change in revenue due to a one-unit increase in newspaper advertising with television advertising held
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 Gross Revenue ($1,000s) Television Advertising Advertising ($1,000s) Newspaper ($1,000s) 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) Develop an estimated regression equation with the amount of television advertising as the independent variable. (Round your numerical values to two decimal places. Let x, represent the amount of television advertising in $1,000s and y represent the weekly gross revenue in $1,000s.) (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. Let x, represent the amount of television advertising in $1,000s, x, represent the amount of newspaper a represent the weekly gross revenue in $1,000s.) (e) is the estimated regression equation coefficient for television advertising expenditures the same in part (a) and in part (b)? -Select v).tis in part (a) and in part (b). Interpret the coeficient in each case. O In part (a) it represents the change in revenue due to a one-unit increase in television advertising with newspaper advertising held constant. In part (b) it represents the change in revenue due to a one-unit increase in television advertising expenditure. O In part (a) it represents the change in revenue due to a one-unit increase in newspaper advertising expenditure with television advertising held constant. In part (b) it represents the change in revenue due to a one-unit increase in television advertising with newspaper advertising held O in part (a) it represents the change in revenue due to a one-unit increase in television advertising expenditure. In part (b) it represents the change in revenue due to a one-unit increase in television advertising with newspaper advertising held constant. O In part (a) it represents the change in revenue due to a one-unit increase in television advertising expenditure. In part (b) it represents the change in revenue due to a one-unt increase in newspaper advertising with television advertising held constant. O In part (a) it represents the change in revenue due to a one-unit increase in television advertising expenditure with newspaper advertising heid constant. In part (b) it represents the change in revenue due to a one-unit increase in newspaper advertising with television advertising held
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.1: Measures Of Center
Problem 3BGP
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