Question
The following data describes weekly gross revenue, television advertising, and newspaper advertising for Showtime Movie Theaters....
The following data describes weekly gross revenue, television advertising, and newspaper advertising for Showtime Movie Theaters.
|
Weekly Gross Revenue ($1000s) |
Televison Advertising ($1000s) |
Newspaper Advertising ($1000s) |
|
96 |
5 |
1.5 |
|
90 |
2 |
2 |
|
95 |
4 |
1.5 |
|
92 |
2.5 |
2.5 |
|
95 |
3 |
3.3 |
|
94 |
3.5 |
2.3 |
|
94 |
2.5 |
4.2 |
|
94 |
3 |
2.5 |
1. Find an estimated regression equation relating weekly gross revenue to television advertising expenditures and newspaper advertising expenditures (Round to 2 decimals). where = Television Advertising ($1000s) and = Newspaper Advertising ($1000s).
2. Predict weekly gross revenue for a week when $3000 is spent on television advertising and $2000 is spent on newspaper advertising. Round to 2 decimal places.
3. For the estimated regression equation given, compute R2 (multiple coefficient of determination). Round your answers to 4 decimal places.
4. For the estimated regression equation given, compute Ra2 (adjusted multiple coefficient of determination). Round your answers to 4 decimal places.
Homework Answers
Answer #1
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Television
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Revenue
($1,000s)
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Advertising
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Gross
Revenue
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Newspaper
Advertising
($1,000s)
96
5
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Historical data for a sample of eight weeks follow.
Weekly
Gross
Revenue
($1,000s)
Television
Advertising
($1,000s)
Newspaper
Advertising
($1,000s)
96
5
1.5
91
2
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4
1.5
93
2.5
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3
3.3
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