01 Jun Question Chapter 13(II): Homework 5 ADAPTED. The owner of Showtime Movie Theaters, Inc. would like to esti
Question
5 ADAPTED. The owner of Showtime Movie Theaters, Inc. would like to estimate weekly gross revenue as a function of advertising expenditures. Historical data for a sample of eight weeks follow.
| Weekly Gross | Television | Newspaper | Radio |
| Revenue | Advertising | Advertising | Advertising |
| ($1000s) | ($1000s) | ($1000s) | ($1000s) |
| 96 | 5 | 1.5 | 0.3 |
| 90 | 2 | 2 | 0.2 |
| 95 | 4 | 1.5 | 0.3 |
| 92 | 2.5 | 2.5 | 0.1 |
| 95 | 3 | 3.3 | 0.4 |
| 94 | 3.5 | 2.3 | 0.4 |
| 94 | 2.5 | 4.2 | 0.3 |
| 94 | 3 | 2.5 | 0.3 |
a) Develop an estimated regression equation in Excel with the amount of television advertising as the independent variable
b) Develop an estimated regression equation in Excel with both television advertising and newspaper advertising as the independent variables
c) Develop an estimated regression equation in Excel with all three independent variables: television advertising, newspaper advertising, and radio advertising
d) Is the estimated regression equation coefficient for television advertising expenditures the same in par a), in part b) and in part c)? Interpret the coefficient in each case
e) Obtain and compare the multiple coefficient of determination and the adjusted multiple coefficient of determination for parts a), b) and c). How does the coefficient of determination changes as a result of adding more independent variables in the equation?
f) What is the estimate of the weekly gross revenue for a week when $3500 is spent on television advertising, $1800 is spent on newspaper advertising, and $350 in radio advertising?
g) Use the F test to determine the overall significance of the relationship. What is the conclusion at the .05 level of significance?
h) Use the t test to determine the significance of each independent variable. What is your conclusion at the .05 level of significance?
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.