The owner of Showtime Movie Theaters, Inc., would lke to predict weekly gross revenue as a function of advertising expenditures Historical data for a sample of eight wecks followWeeklyGrossRevenue($1,000s)TelevisionAdvertising($1,000s)NewspaperAdvertising($1,000s)965.01.5902.02.0954.01.5922.52.5953.03.3943.52.3942.54.2943.02.5The owner then used multiple regression analysis to predict gross revenue (y), in thousands of dollars, as a function of television advertising (x), in thousands of dolars, and newspaperadvertising (x,), in thousands of dollars. The estimated regression equation was= 83.2 + 2.29x, + 1.30x.(a) What is the gross revenue (in dollars) expected for a week when $5,000 is spent on television advertising (x5) and $1,500 is spent on newspaper advertising (, 1.5)? (Roundyour answer to the nearest dollar.)$06600(b) Provide a 95% confidence interval (in dolars) for the mean revenue of all weeks with the expenditures listed in part (a). (Round your answers to the nearest dollar.)x to s The owner then used multiple regression analysis to predict gross revenue ty), in thousands of dollars, as a function of television advertising (), in thousands of delas, and newpaperadvertising (x), in thousands of dollars. The estimated regression equation was9-83.2 + 2.29, + 1.30r(a) What is the gross revenue (in dollars) expected for a week when s5,000 is spent on television advertising (x,- 5) and $1,500 s spent on newspaper advertising 15P (Roundyour answer to the nearest dollar.)(b) Provide a 95% confidence interval (in dallars) for the mean revenue of all weeks with the expenditures listed in part (a). (Round your answers to the nearest dollar)x to s(c) Provide a 95% prediction interval (in dollars) for next week's revenue, assuming that the advertising expenditures will be alocated as in part (a) (Round your answers to the nearestdollar.)X to s

Answered: Image /qna-images/answer/dafe15c5-58ec-4061-85d2-1dd30ba9f6f1.jpg

Answered: The owner then used multiple regression…

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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