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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

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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. (a) Use =0.01 to test the hypotheses H0:1=2=0Ha:1and/or2isnotequaltozero for the model y=0+1x1+2x2+c1 where x1=televisionadvertising($1,0005)x2=newspaperadvertising($1,0005). 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.) pvalue= State your conclusion. Do not reject H0, There is insufficient evidence to conclude that there is a sigr Do not reject H0. There is sufficient evidence to conclude that there is a signif Reject H0. There is sufficient evidence to conclude that there is a significant r Reject H0. There is insufficient evidence to conclude that there is a significant Find the value of the test statistic. (Round your answer to two decimal ptaces)) Find the p-value, (Round your answer to three decimal places.) p-value = State your conclusion. Do not reject HD. There is sufficient evidence to conclude that 2 is significant Do not reject H0. There is insufficient evidence to condude that 1 is significa Reject H0. There is insufficient evidence to conclude that ^1 is significant: Reject H0. There is sufficient evidence to conclude that 1 is significant. Should x1 be dropped from the model? Yes No Use =0.05 to test the significance of 2. State the null and aiternative hypotheses. H0:2=0Ha:2=0H0:2=0H0:2>0H0:2

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