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14 November, 01:52

Predict weekly gross revenue (in dollars) for a week when $3,600 is spent on television advertising and $1,800 is spent on newspaper advertising. (Round your answer to the nearest cent.)

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  1. 14 November, 05:02
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    Weekly gross revenue = $10,669

    Explanation:

    Regression equation for Showtime Movie Theatre is:

    Y = 2.29018X1 + 1.30099X2 + 83.23009

    Where

    Y = weekly gross revenue

    X1 = television advertising

    X2 = newspaper advertising

    Put X1 = 3600 and X2 = 1800 in avove equation.

    Y = (2.29018*3600) + (1.30099*1800) + 83.23009

    =8,244.648 + 2,341.782 + 83.23009

    = 10,669
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