Save Submit Assignment for Grading Question 3 of 7 estions Problem 07-09 (Algori
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Save Submit Assignment for Grading Question 3 of 7 estions Problem 07-09 (Algorithmic) Check My Work eBook Problem 7-9 Dixie Showtime Movie Theaters, Inc, owns and operates a chain of dinemas in several markets in the southern U.S. The owners would ike to estimate weekly gross revenue as a function of advertising expenditures. Data for a sample of eight markets for a recent week follow. Weekly Gross Revenue Television Advertising Newspaper Advertising ($100s) ($100s) 4.9 3.3 ($100s) 103.5 51.6 75.8 127.8 134.8 101.4 237.8 Market Mobile 1.7 1.5 4.2 3.2 3.6 Little Rock Billod New Orleans Baton Rouge (a) Use the 4.3 2.2 8.5 5.9 219.6 6.7 data to develop an estimated regression wath the amount of television advertising as the independent variable. Let x represent the amount of television advertising If required, round your answers to three decimal places. For subtractive or negative numbers use a minus sign before the blank. (Example: -300) sign even if there is a + 4682.38 40.8851] the 0.0s level of significance. What is Test for a significant relationship between television advertising and weekly gross revenue at the interpretation of this relationship? The input in the box below will not be graded, but may be reviewed and considered by your instructor. (b) How much of the variation in the sample values of weekly gross revenue does the model in part (a) explain? EliteOne 800Explanation / Answer
Save Submit Assignment for Grading Question 3 of 7 estions Problem 07-09 (Algorithmic) Check My Work eBook Problem 7-9 Dixie Showtime Movie Theaters, Inc, owns and operates a chain of dinemas in several markets in the southern U.S. The owners would ike to estimate weekly gross revenue as a function of advertising expenditures. Data for a sample of eight markets for a recent week follow. Weekly Gross Revenue Television Advertising Newspaper Advertising ($100s) ($100s) 4.9 3.3 ($100s) 103.5 51.6 75.8 127.8 134.8 101.4 237.8 Market Mobile 1.7 1.5 4.2 3.2 3.6 Little Rock Billod New Orleans Baton Rouge (a) Use the 4.3 2.2 8.5 5.9 219.6 6.7 data to develop an estimated regression wath the amount of television advertising as the independent variable. Let x represent the amount of television advertising If required, round your answers to three decimal places. For subtractive or negative numbers use a minus sign before the blank. (Example: -300) sign even if there is a + 4682.38 40.8851] the 0.0s level of significance. What is Test for a significant relationship between television advertising and weekly gross revenue at the interpretation of this relationship? The input in the box below will not be graded, but may be reviewed and considered by your instructor. (b) How much of the variation in the sample values of weekly gross revenue does the model in part (a) explain? EliteOne 800
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