Use computer software packages, such as Minitab or Excel, to solve this problem. The owner of Showtime Movie Theaters, Inc., used multiple regression analysis to predict gross revenue () as a function of television advertising () and newspaper advertising (). Values of , , and are expressed in thousands of dollars. Weekly Gross Revenue ($1000vs) Television Advertising ($1000in) Newspaper Advertising ($1000s) 96 5 1.5 90 2 2 95 4 1.5 92 2.5 2.5 95 3 3.3 94 3.5 2.3 94 2.5 4.2 94 3 2.5 The estimated regression equation was a. What is the estimated gross revenue for a week where thousand is spent on television and thousand is spent on newspaper advertising (to 3 decimals)
