Below is some hypothetical data that shows the Rating (an index of how many people watch the
Question:
Below is some hypothetical data that shows the Rating (an index of how many people watch the show) and Average Cost for a 30-second advertisement for a number of game shows:
GAME SHOW Rating Average Cost for a 30
Second Ad ($)
Is That Real Hair? 18.2 $55,000
Feng Shui Happy Booth 8.4 $20,000
Love Signals! 13.6 $26,000
How Many Worms? 11.9 $39,000
Spin the Bottle 9.0 $11,000
Wake that Possum! 22.6 $75,000
Sit on a Potato 3.5 $10,000
Name that Fruit! 2.1 $5,000
The $2.00 Question 4.6 $19,000
As before, conduct a full (five step) regressional analysis to answer this question:
Within the sample data, is an increase in ratings associated with an increase the average cost for a 30-second ad? If so, how much? (5 points)
Financial Accounting Information For Decisions
ISBN: 978-0324672701
6th Edition
Authors: Robert w Ingram, Thomas L Albright