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Exercise 15.29 (Using the Estimated Regression Equation for Estimation and Prediction) Questlon 1 of2 b Hint(s) Check My Work The owner of Showtime Movie Theaters.
Exercise 15.29 (Using the Estimated Regression Equation for Estimation and Prediction) Questlon 1 of2 b Hint(s) Check My Work The owner of Showtime Movie Theaters. Inc.. used multiple regression analysis to predict gross revenue (y) as a function of television advertising (31] and newspaper advertising [.33]. Values of y, .131, and 32 are expressed in thousands of dollars. Click on the datale logo to reference the data. DATAl-_ Weeklyr Gross Television News pa per Revenue Advertising Advertising [510005) (31000:) (31000:) 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 The estimated regression equation was 3;- : 83.23 + 2.29m + 1.3032 a. What is the gross revenue expected for a week where $3,500 is spent on television (an 2 3.5) and $1,300 is spent on newspaper advertising (w; 2 1.8) (to 3 decimals)? S 0 thousand b. Provide a 95% prediction interval for next week's revenue, assuming that the advertising expenditures will be allocated as in part (a) {to 2 decimals). (if, 9 thousand, S a thousand]
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