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A statistical program is recommended. The owner of a movie theater company would like to predict weekly gross revenue as a function of advertising expenditures.
A statistical program is recommended. The owner of a movie theater company would like to predict weekly gross revenue as a function of advertising expenditures. 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 90 2 2 95 4 1.5 92 2.5 2.5 95 3 3 3.2 94 3.5 2.3 94 2.5 4.2 94 3 2.5 (a) Use a = 0.01 to test the hypotheses HO: B = B2 = 0 Ho: B, and/or By is not equal to zero for the model y = 1 + B,X+12 + E, where *1 = television advertising ($1,000s) X 2 = newspaper advertising ($1,000s). Find the value of the test statistic. (Round your answer to two decimal places.) X Find the p-value. (Round your answer to three decimal places.) p-value = State your conclusion. O Do not reject Ho. There is sufficient evidence to conclude that there is a significant relationship among the variables. O Reject Ho. There is insufficient evidence to conclude that there is a significant relationship among the variables. Do not reject Ho. There is insufficient evidence to conclude that there is a significant relationship among the variables. O Reject Ho. There is sufficient evidence to conclude that there is a significant relationship among the variables. = 0 (b) Use a = 0.05 to test the significance of P1 State the null and alternative hypotheses. HO: B = 0 H: B, > 0 o Paco Ho: B, 0 o Ho: Pato H: B2 = 0 O Ho: B2
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