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Please help with a. b. & d. The entire question is listed below and the data needed to solve is underneath it. Thank you! The
Please help with a. b. & d. The entire question is listed below and the data needed to solve is underneath it. Thank you!
The owner of Showtime Movie Theaters, Inc., would like to predict weekly gross revenue as a function of advertising expenditures. Historical data for a sample of eight weeks are entered into the Microsoft Excel Online file below. Use the XLMiner Analysis ToolPak to perform your regression analysis in the designated areas of the spreadsheet. Due to a recent change by Microsoft you will need to open the XLMiner Analysis ToolPak add-in manually from the home ribbon. Screenshot of ToolPak X Open spreadsheet a. Develop an estimated regression equation with the amount of television advertising as the independent variable (to 2 decimals). Revenue = TVAdv b. Develop an estimated regression equation with both television advertising and newspaper advertising as the independent variables (to 2 decimals). Revenue = TVAdv + NewsAdv c. Is the estimated regression equation coefficient for television advertising expenditures the same in part (a) and in part (b)? No, the coefficients are not the same d. Predict weekly gross revenue for a week when $5.3 thousand is spent on television advertising and $3.8 thousand is spent on newspaper advertising (to 2 decimals)? in thousandsA B C D E F G H J K Weekly Gross L M Television Newspaper Revenue Advertising Advertising (1000s) Delete this text then place your Simple Regression output in this shaded area. Output range $E$1 ($1000s) ($1000s) 96 5 1.5 91 2 2 95 A 1.5 93 2.5 2.5 95 3 3.3 94 3.5 2.3 95 2.5 4.2 95 4 2.5 Predicted Revenue (Part D) 5.3 3.8 Formula for Predicted Revenue #N/A Delete this text then place your Multiple Regression output in this shaded area. Output range $E$21Step by Step Solution
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