The owner ofr Showtime Movie Theaters, Inc., used multiple regression analysis to predict gross revenue (N) as a function of television advertising (31) and newspaper advertising (). Values of 9, z1, and are expressed in thousands of dollars,Weekly GrossTelevisionNewspaperRevenueAdvertisingAdvertising($1000s)($1000s)($1000s)965.01.5902.02.0954.01.576922.52.5953.03.3943.52.3942.54.2943.02.5The estimated regression equation wasý 83.23 + 2.29s +1.30za. What is the gross revenue expected for a week where $3,500 is spent on television (*1 =3.5) and $1,800 is spent bn newspaper advertisiny ( = 1.8) (to 3 decimats)?thousandb. Provide a 95% prediction interval for next week's revenue, assuming that the advertising expenditures will be allocatad as in part (4) (1o 2 Jucinials)thousand, $thuusand)

Answered: Image /qna-images/answer/37352643-6507-4a48-8afd-42682c680764.jpg

Answered: The owner ofr Showtime Movie Theaters,…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Describe in detail about regression lines?
Construct the equation of the regression line. An editing firm compiled the following table which lists the number of pages contained in a piece of technical writing and the cost of proofreading and correcting them (in dollars). Assume there is a significant linear relationship between X and Y and construct the equation of the linear regression line. Number of Pages, x 7 12 4 14 25 30 Cost, y 128 213 75 250 446 540 a.) y^= 17.9(x) + 1.6 b.) y^= 7.1(x) + 15.4 c.) y^= 15.4(x) + 7.1 d.) y^= 1.6(x) +
When should a regression model not be used to make a prediction?
Develop a scatterplot and explore the correlation between customer age and net sales by each type of customer (regular/promotion). Use the horizontal axis for the customer age to graph. Find the linear regression line that models the data by each type of customer. Round the rate of changes (slopes) to two decimal places and interpret them in terms of the relation between the change in age and the change in net sales. What can you conclude? Hint: Rate of Change = Vertical Change / Horizontal Change = Change in y / Change in x
when a regression is used as a method of predicting dependent variables from one or more independent variables. How are the independent variables different from each other yet related to the dependent variable?
The accompanying table shows results from regressions performed on data from a random sample of 21 cars. The response (y) variable is CITY (fuel consumption in mi/gal). The predictor (x) variables are WT (weight in pounds), DISP (engine displacement in liters), and HWY (highway fuel consumption in mi/gal). The equation CITY - 3.17 +0.823HWY was previously determined to be the best for predicting city fuel consumption. A car weighs 2700 lb, it has an engine displacement of 1.6 L, and its highway fuel consumption is 35 mi/gal. What is the best predicted value of the city fuel consumption? Is that predicted value likely to be a good estimate? Is that predicted value likely to be very accurate? Click the icon to view the table of regression equations. The best predicted value of the city fuel consumption is (Type an integer or a decimal. Do not round.). Regression Table I R² Adjusted R2 WT/DISP WT/HWY Predictor (x) Variables P-Value WT/DISP/HWY 0.000 0.942 0.000 0.748 0.000 0.942 0.000…
A frequent flyer was interested in the relationship between dollars spent on flying and the distance flown. She sampled 20 frequent flyers of a certain airline. She collected the number of miles flown in the previous year and the total amount of money the flyer spent. A regression line of distance flown on money spent was fit to the data: \hat y = 24000 + 10xy^=24000+10x. A person who spent $1000 is predicted to have flown:
A least squares regression line was calculated to relate the length (cm) of newborn boys to their weight in kg. The line is weight = -5.25 +0.1696 length. A newborn was 48 cm long and weighed 3 kg. According to the regression model, what was his residual? What does that say about him?
Students who are going to college have a cost per credit. The chart below is a cost of tuition cost increase over the years. A table of the yearly cost is listed below. A) Use technology (graphing calculator or excel) to determine the least squares regression line for the best fit line for the data given above. List the equation and R^2 Regression factor. B) Use your equation from technology to estimate how much college credits will cost in 2021
The following regression equation is based on the analysis of four variables: SM_DOLLARS is the dollar amount of a watershed conservation agency's weekly spending on social media ads. RADIO_ADS is the number of radio advertisements aired weekly by the agency. WS_DOLLARS is the dollar amount of the agency’s weekly spending on web search ads. The variable WEB_VISITS is the number of weekly visitors to their educational website. These data have been recorded every week for the past three years. WEB_VISITS (expected) = 208 + 1.25*SM_DOLLARS + 1.5*RADIO_ADS + 1.2*WS_DOLLARS The data meet the assumptions for regression analysis, and the regression results, including the coefficients, were found to be statistically significant. Initially, $320 was spent on social media ads, 10 radio ads were aired, and $120 spent on web search ads. How many additional weekly web visits would you predict when the agency increases its weekly spending on social media ads by $440 without changing the…
8. Which is the linear regression equation for a scatterplot with these points rounded to the nearest tenth: (4, 35), (6.5, 92), (2. 10). (5, 50), (6, 85), (10, 110)?

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