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 follow. Click on the datafile logo to reference the data. DATA file Weekly Gross Television Newspaper Revenue Advertising Advertising ($1000s) ($1000s) ($1000s) 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 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 + B2 2 + E, where $1 = television advertising ($1000s) $2 = newspaper advertising ($1000s) Compute the F test statistic (to 2 decimals). Use F table. What is the p-value? - Select your answer - What is your conclusion? The overall model is - Select your answer - b. Use a = 0.05 to test the significance of B1 . Compute the t test statistic (to 2 decimals). Use t table. What is the p-value? - Select your answer - What is your conclusion? Select your answer - | relationship between television advertising and revenue Should 1 be dropped from the model? - Select your answer - c. Use a = 0.05 to test the significance of 82 . Compute the t test statistic (to 2 decimals). Use t table. What is the p-value? - Select your answer - What is your conclusion? - Select your answer - | relationship between newspaper advertising and revenue Should 2 be dropped from the model