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.)

Question

Megan Powell

Business

7 July, 08:01

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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Answers (1)

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Trevon Dougherty · Answer 1

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