A statistical program is recommended.The owner of a movie theater company would like to predict weekly gross
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Question:
A statistical program is recommended.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 Revenue ($1,000s) | Television Advertising ($1,000s) | Newspaper Advertising ($1,000s) |
|---|---|---|
| 96 | 5 | 1.5 |
| 91 | 2 | 2 |
| 95 | 4 | 1.5 |
| 92 | 2.5 | 2.5 |
| 95 | 3 | 3.3 |
| 94 | 3.5 | 2.3 |
| 94 | 2.5 | 4.2 |
| 94 | 3 | 2.5 |
(a)Use = 0.01 to test the hypotheses
| H0: | 1 = 2 = 0 |
| Ha: | 1 and/or 2 is not equal to zero |
for the model
y = 0 + 1x1 + 2x2 + ,
where
| x1 | = | television advertising ($1,000s) |
| x2 | = | newspaper advertising ($1,000s). |
QUESTIONS:
1) Find the value of the test statistic. (Round your answer to two decimal places.)
2) Find the p-value. (Round your answer to three decimal places.)
3) Find the value of the test statistic. (Round your answer to two decimal places.)
4) Find the p-value. (Round your answer to three decimal places.)
5) Find the value of the test statistic. (Round your answer to two decimal places.) 6) Find the p-value. (Round your answer to three decimal places.)
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