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.
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)
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