The owner of Showtime Movie Theaters, Inc., would like to predictweekly gross revenue as a function of advertising expenditures.Historical data for a sample of eight weeks follow.
a. Develop an estimated regression equation with the amount oftelevision advertising as the independent variable.b. Develop an estimated regression equation with both televisionadvertising and newspaper advertising as the independent variables.c. Is the estimated regression equation coefficient for televisionadvertising expenditures the same in part (a) and in part (b)?Interpret the coefficient in each case.d. Predict weekly gross revenue for a week when $3500 is spent ontelevision advertising and $1800 is spent on newspaper advertising.
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