Question

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.)

Answer 1

Weekly gross revenue = $10,669

Step-by-step 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