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 are entered into the Microsoft Excel Online file below. Use the XLMiner Analysis ToolPak to perform your regression analysis in the designated areas of the spreadsheet. Open spreadsheet a. Develop an estimated regression equation with the amount of television advertising as the independent variable (to 2 decimals). TVAdv Revenue = b. Develop an estimated regression equation with both television advertising and newspaper advertising as the independent variables (to 2 decimals). Revenue = TVADV + NewsAdv c. Is the estimated regression equation coefficient for television advertising expenditures the same in part (a) and in part (b)? d. Predict weekly gross revenue for a week when $4.6 thousand is spent on television advertising and $3.7 thousand is spent on newspaper advertising (to 2 decimals)? in thousands

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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Excel
template - Saved
File
Home
Insert
Formulas
Data
Review
View
Help
O Tell me what you want to do
O Editing v
v 10
A^ A B
I
A v
Ev ab
Merge vGeneral
$ v 0 00 H Conditional v E Styles v
D Styles v
E Format As
Arial
...
.00
.0
E1
fx Delete this text then place your Simple Regression output in this shaded area. Output range $E$1
A
B
D
E
G
H
K
L.
M
N
P
Weekly Gross
Revenue
Television
Newspaper
Advertising
($1000s)
Delete this text then place your Simple Regression output in this shaded area. Output range $E$1
Advertising
($1000s)
(1000s)
2
97
6.
1.5
3
91
2
2
95
4
1.5
93
2.5
2.5
95
3
3.3
7
94
3.5
2.3
8.
95
2.5
4.2
9
95
4
2.5
10
11
12
13 Predicted Revenue (Part D)
14
15
4.6
3.7
16
17 Formula for Predicted Revenue
18
19
#N/A
20
Delete this text then place your Multiple Regression output in this shaded area. Output range $E$21
21
22
Transcribed Image Text:Excel template - Saved File Home Insert Formulas Data Review View Help O Tell me what you want to do O Editing v v 10 A^ A B I A v Ev ab Merge vGeneral $ v 0 00 H Conditional v E Styles v D Styles v E Format As Arial ... .00 .0 E1 fx Delete this text then place your Simple Regression output in this shaded area. Output range $E$1 A B D E G H K L. M N P Weekly Gross Revenue Television Newspaper Advertising ($1000s) Delete this text then place your Simple Regression output in this shaded area. Output range $E$1 Advertising ($1000s) (1000s) 2 97 6. 1.5 3 91 2 2 95 4 1.5 93 2.5 2.5 95 3 3.3 7 94 3.5 2.3 8. 95 2.5 4.2 9 95 4 2.5 10 11 12 13 Predicted Revenue (Part D) 14 15 4.6 3.7 16 17 Formula for Predicted Revenue 18 19 #N/A 20 Delete this text then place your Multiple Regression output in this shaded area. Output range $E$21 21 22
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 are entered into the Microsoft
Excel Online file below. Use the XLMiner Analysis ToolPak to perform your regression analysis in the designated areas of the spreadsheet.
Open spreadsheet
a. Develop an estimated regression equation with the amount of television advertising as the independent variable (to 2 decimals).
Revenue =
TVAdv
b. Develop an estimated regression equation with both television advertising and newspaper advertising as the independent variables (to 2 decimals).
Revenue =
TVAdy +
NewsAdv
c. Is the estimated regression equation coefficient for television advertising expenditures the same in part (a) and in part (b)?
d. Predict weekly gross revenue for a week when $4.6 thousand is spent on television advertising and $3.7 thousand is spent on newspaper advertising (to 2 decimals)?
in thousands
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 are entered into the Microsoft Excel Online file below. Use the XLMiner Analysis ToolPak to perform your regression analysis in the designated areas of the spreadsheet. Open spreadsheet a. Develop an estimated regression equation with the amount of television advertising as the independent variable (to 2 decimals). Revenue = TVAdv b. Develop an estimated regression equation with both television advertising and newspaper advertising as the independent variables (to 2 decimals). Revenue = TVAdy + NewsAdv c. Is the estimated regression equation coefficient for television advertising expenditures the same in part (a) and in part (b)? d. Predict weekly gross revenue for a week when $4.6 thousand is spent on television advertising and $3.7 thousand is spent on newspaper advertising (to 2 decimals)? in thousands
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