Mathematics, 03.04.2020 00:36 vavio3287
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 NewspaperGross Advertising AdvertisingRevenue ($1,000s) ($1,000s)($1,000s) 96 5 1.590 2 295 4 1.592 2.5 2.595 3 3.394 3.5 2.394 2.5 4.294 3 2.5a. Develop an estimated regression equation with the amount of television advertising as the independent variable. (Round your numerical values to two decimal places. Let x1 represent the amount of television advertising in $1,000s and y represent the weekly gross revenue in $1,000s.)b. Develop an estimated regression equation with both television advertising and newspaper advertising as the independent variables. (Round your numerical values to two decimal places. Let x1 represent the amount of television advertising in $1,000s, x2 represent the amount of newspaper advertising in $1,000s, and y represent the weekly gross revenue in $1,000s.)
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The owner of Showtime Movie Theaters, Inc., would like to predict weekly gross revenue as a function...
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