Question: The entire question with the data from the spreadsheet are below. vity 1 - Hypothesis Test for Significance in Multiple Regression with XLMiner Analysis ToolPak

The entire question with the data from the spreadsheet are below.

The entire question with the data from the spreadsheet are below. vity1 - Hypothesis Test for Significance in Multiple Regression with XLMiner AnalysisToolPak (Freeform) H Video The owner of Showtime Movie Theaters, Inc., would

vity 1 - Hypothesis Test for Significance in Multiple Regression with XLMiner Analysis ToolPak (Freeform) H Video 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 has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the questions below. Due to a recent change by Microsoft you will need to open the XLMiner Analysis ToolPak add-in manually from the home ribbon. Screenshot of ToolPak Open spreadsheet a. Use a = .01 to test the hypotheses for the model y = Fo + #1x, + #2x2 + r, where: Ho : $1 = #2 = 0 Ha : $1 and/or #2 #0 Compute the F test statistic (to 2 decimals). What is the p-value? Less than .01 What is your conclusion? The overall model is significant b. Use a = .05 to test the significance of #1- Compute the t test statistic (to 2 decimals). What is the p-value? Less than .01 What is your conclusion? Significant relationship between television advertising and revenue Should x1 be dropped from the model? No, x1 should not be dropped from the model :@ c. Use a = .05 to test the significance of #2. Compute the t test statistic (to 2 decimals). What is the p-value? Less than .01 What is your conclusion? Significant relationship between newspaper advertising and revenue :eShould x2 be dropped from the model? No, x2 should not be dropped from the model # d. The owner plans to spend (in $1000s) $5 on television advertising and $3.9 on newspaper advertising. What is the expected revenue (in $1000s) for this advertising combination (to the nearest whole number)?\f

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