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 Television Newspaper Gross Revenue Advertising Advertising ($1000s) ($1000s) ($1000s) 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. Use a = .01 to test the hypotheses Ho: B1 = B2 = 0 H: B, and/or B, is not equal to zero for the model y - Bo + B1x1+ B 2 x 2 + €, where x1 = television advertising ($1000s) X2 = newspaper advertising ($1000s) Compute the F test statistic (to 2 decimals). Use F table. What is the p-value? Select What is your conclusion? Select
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 Television Newspaper Gross Revenue Advertising Advertising ($1000s) ($1000s) ($1000s) 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. Use a = .01 to test the hypotheses Ho: B1 = B2 = 0 H: B, and/or B, is not equal to zero for the model y - Bo + B1x1+ B 2 x 2 + €, where x1 = television advertising ($1000s) X2 = newspaper advertising ($1000s) Compute the F test statistic (to 2 decimals). Use F table. What is the p-value? Select What is your conclusion? Select
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.3: Measures Of Spread
Problem 1GP
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Hi, could you please help me with this problem? thank you
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 follow.
Weekly
Television Newspaper
Gross Revenue Advertising Advertising
($1000s)
($1000s)
($1000s)
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. Use a = .01 to test the hypotheses
Ho: B1 = B2 = 0
Ha: Bị and/or B, is not equal to zero
for the model y = Bo + B1x1 + B 2 x 2 + €, where
x, - television advertising ($1000s)
X2 = newspaper advertising ($1000s)
Compute the F test statistic (to 2 decimals). Use F table.
What is the p-value?
Select
What is your conclusion?
Select
Transcribed Image Text:b. Use a = .05 to test the significance of B 1. Compute the t test statistic (to 2 decimals). Use t table.
What is the p-value?
Select
What is your conclusion?
Select
Should x 1 be dropped from the model?
Select
c. Use a = .05 to test the significance of B 2. Compute the t test statistic (to 2 decimals). Use t table.
What is the p-value?
Select
What is your conclusion?
Select
Should x 2 be dropped from the model?
Select
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