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 Gross Revenue ($1000s) Televison Advertising ($1000s) Newspaper Advertising ($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 Part A: Develop an estimated regression equation with the amount of television advertising as the independent variable. Part B: Develop an estimated regression equation with both television advertising and news paper advertising as independent variables. Part C: Is the estimated regression rquation coefficient for television advertising expenditures the same in part (a) and in part (b) ? Interpret the coefficient in each case. Part D : Predict Weekly gross revenue for a week $3500 is spent on television advertising and $1800 is spent on newspaper advertising? Please hurry
The owner of Showtime Movie Theaters, Inc. would like to predict weekly gross revenue as a
| Weekly Gross Revenue ($1000s) |
Televison Advertising ($1000s) |
Newspaper Advertising ($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 |
Part A: Develop an estimated regression equation with the amount of television advertising as the independent variable.
Part B: Develop an estimated regression equation with both television advertising and news paper advertising as independent variables.
Part C: Is the estimated regression rquation coefficient for television advertising expenditures the same in part (a) and in part (b) ? Interpret the coefficient in each case.
Part D : Predict Weekly gross revenue for a week $3500 is spent on television advertising and $1800 is spent on newspaper advertising?
Please hurry
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