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The owner of Showtime Movie Theaters, Inc., would like to predict weekly gross revenue as a...

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Statistics

The owner of Showtime Movie Theaters, Inc., would like topredict weekly gross revenue as a function of advertisingexpenditures. Historical data for a sample of eight weeksfollow.

Weekly
Gross
Revenue
($1,000s)		Television
Advertising
($1,000s)		Newspaper
Advertising
($1,000s)
965.01.5
902.02.0
954.01.5
922.52.5
953.03.3
943.52.3
942.54.2
943.02.5

(a)

Develop an estimated regression equation with the amount oftelevision advertising as the independent variable. (Round yournumerical values to two decimal places. Let x1represent the amount of television advertising in $1,000s andy represent the weekly gross revenue in $1,000s.)

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(b)

Develop an estimated regression equation with both televisionadvertising and newspaper advertising as the independent variables.(Round your numerical values to two decimal places. Letx1 represent the amount of televisionadvertising in $1,000s, x2 represent the amountof newspaper advertising in $1,000s, and y represent theweekly gross revenue in $1,000s.)

Å· =

Answer & Explanation Solved by verified expert
4.2 Ratings (700 Votes)
a Sum of X 255Sum of Y 750Mean X 31875Mean Y 9375Sum of squares SSX 64688Sum of products SP 10375Regression    See Answer
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