The owner of Showtime Movie Theaters, Inc. would like to predict weekly gross revenue as a
Weekly Gross Revenue ($1000s) |
Televison Advertising ($1000s) |
Newspaper Advertising ($1000s) |
96 | 5.0 | 1.5 |
90 | 2.0 | 2.0 |
95 | 4.0 | 1.5 |
92 | 2.5 | 2.5 |
95 | 3.0 | 3.3 |
94 | 3.5 | 2.3 |
94 | 2.5 | 4.2 |
94 | 3.0 | 2.5 |
Part A: Develop an estimated regression equation with the amount of television advertising as the independent variable.
Part B: Develop an estimated regression equation with both television advertising and news paper advertising as independent variables.
Part C: Is the estimated regression rquation coefficient for television advertising expenditures the same in part (a) and in part (b) ? Interpret the coefficient in each case.
Part D : Predict Weekly gross revenue for a week $3500 is spent on television advertising and $1800 is spent on newspaper advertising?
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