The owner of Showtime Movie Theaters, Inc., used multiple regression analysis to predict gross revenue (y) as a function of television advertising (21) and newspaper advertising (Z2). Values of y, Z1, and are expressed in thousands of dollars.Weekly GrossTelevisionNewspaperRevenueAdvertisingAdvertising($1000s)($1000s)($1000s)965.01.5902.02.0954.01.5922.52.5953.03.3943.52.3942.54.2943.02.5The estimated regression equation wasý = 83.23 + 2.291 + 1.30x2a. What is the gross revenue expected for a week where $3,500 is spent on television (z1 = 3.5) and $1,800 is spent on nevspaper advertising ( = 1.8) (to 3 decimals)?%3!%3Dthousandb. Provide a 95% prediction interval for next week's revenue, assuming that the advertising expenditures will be allocated as in part (a) (to 2 decimals).(sO thousand, sthousand)

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Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter4: Equations Of Linear Functions

Section: Chapter Questions

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