The owner of Showtime Movie Theaters, Inc., used multiple regression analysis to predict gross revenue (y) as a function of television advertising (x1) and newspaper advertising (x2). Values of y, x1,...


The owner of Showtime Movie Theaters, Inc., used multiple regression analysis to predict gross revenue (y) as a function of television advertising (x1) and newspaper advertising (x2). Values of y, x1, and x2 are expressed in thousands of dollars.
























































Weekly Gross

Television

Newspaper

Revenue

Advertising

Advertising
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.
What is the gross revenue expected for a week where $3,500 is spent on television (x1 =3.5) and $1,800 is spent on newspaper advertising (x2= 1.8)(to 3 decimals)?



b.
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).


(_____ thousand, ______ thousand)



Jun 01, 2022
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