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Please help. Thank you. The owner of a movie theater company would like to predict weekly gross revenue as a function of advertising expenditures. Historical

Please help. Thank you.

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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 Television Newspaper Revenue Advertising Advertising ($1,000s) ($1,000s) ($1,000s) 96 1.5 91 2 2 95 4 1.5 93 2.5 2.5 95 3 3.3 94 3.5 2. 2 94 2.5 4.2 94 3 2.5 (a) Use a = 0.01 to test the hypotheses Ho: B1 = B2 = 0 Ha: B1 and/or B2 is not equal to zero for the model y = Bo + B1*1 + $2x2 + E, where *1 = television advertising ($1,000s) X2 = newspaper advertising ($1,000s). Find the value of the test statistic. (Round your answer to two decimal places.) Find the p-value. (Round your answer to three decimal places.) p-value = State your conclusion. Do not reject Ho. There is insufficient evidence to conclude that there is a significant relationship among the variables. Type here to search O e m X W

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